Form 144 Roblox Corp Filed by: Baszucki Gregory
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Go back to Form 144 Roblox Corp Filed by: Baszucki Gregory
November 4, 2024 5:20 AM EST
Deutsche Bank analyst Benjamin Black raised the price target on Roblox Corp. (NYSE: RBLX) to $60.00 (from $45.00) while maintaining a Buy rating.
The analyst comments "Roblox reported very strong 3Q results, beating estimates materially on both the top and bottom lines. The company delivered $1.13bn in Bookings, accelerating 11 points sequentially to 34% y/y, which was 11%/10% ahead of our/Street estimates of $1.0bn/$1.0bn, respectively. The 3Q bookings outperformance was driven by strength in DAUs, payer conversion, and average bookings per DAU (ABPDAU), particularly in the age 13 and up demo, as AI-driven algorithm improvements drove... More
November 1, 2024 10:22 AM EDT
Macquarie analyst Aaron Lee raised the price target on Roblox Corp. (NYSE: RBLX) to $58.00 (from $50.00) while maintaining a Outperform rating.
The analyst comments "RBLX reported another strong beat-and-raise in 3Q with revenue growing 34% YoY and DAUs growing 27%. We continue to like RBLX's growth... More
November 1, 2024 5:27 AM EDT
BTIG analyst Clark Lampen raised the price target on Roblox Corp. (NYSE: RBLX) to $56.00 (from $51.00) while maintaining a Buy rating.
The analyst comments "WHAT YOU SHOULD KNOW: Earlier this week, we flagged an attractive setup for Roblox into this morning's earnings report, based on a delta in investor sentiment vs. underlying fundamentals, per our tracking. We expected strong results, but not +34% Y/Y Bookings growth. 3Q24 came in well above both our and buy-side bull expectations, and we're raising our price target to reflect estimate revisions, healthier underlying growth trends, and an... More
