Form 4 Roblox Corp For: Oct 31 Filed by: Lee Anthony P
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Roblox Corp. (RBLX) PT Raised to $63 at Citi
November 5, 2024 4:57 AM ESTCiti analyst Jason Bazinet raised the price target on Roblox Corp. (NYSE: RBLX) to $63.00 (from $53.00) while maintaining a Buy rating.
The analyst comments "We are updating our model to reflect 3Q24 results and our latest outlook. RBLX reported bookings, average bookings per DAU, and... More
Roblox Corp. (RBLX) PT Raised to $60 at Deutsche Bank
November 4, 2024 5:20 AM ESTDeutsche 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
