Form 4 Roblox Corp For: Oct 31 Filed by: Lee Anthony P
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Go back to Form 4 Roblox Corp For: Oct 31 Filed by: Lee Anthony P
November 5, 2024 4:57 AM EST
Citi 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
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
