Roblox stock drops after Hindenburg Research short report
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Roblox Corp. (RBLX) PT Raised to $54 at Piper Sandler
October 9, 2024 6:57 AM EDTPiper Sandler analyst Thomas Champion raised the price target on Roblox Corp. (NYSE: RBLX) to $54.00 (from $48.00) while maintaining a Overweight rating.
The analyst comments "Following Teen Survey data, we are raising RBLX user & EBITDA estimates. Total DAUs for FY25E move... More
Roblox Corp. (RBLX) PT Raised to $54 at Wells Fargo Ahead of Earnings, 'See Upside to 3Q Guide'
October 9, 2024 5:33 AM EDTWells Fargo analyst Ken Gawrelski raised the price target on Roblox Corp. (NYSE: RBLX) to $54.00 (from $46.00) while maintaining a Overweight rating.
The analyst comments "Increase 3Q total bookings growth by 6pts to 27.5% y/y (above HE of guide 22% and consensus 21%) on strong engagement trends and favorable FX moves. Our updated forecast implies 5pts acceleration on 4pts easier comp. Concurrent users growth remained strong throughout the quarter, +35% y/y in 3Q vs. +26% in 2Q. Further, we highlight that Roblox app download (proxy for new users) also meaningfully accelerated in the quarter... More
