1 Wall Street Analyst Firm Thinks Roblox Stock Is Going to $55. Is It a Buy Around $37? [Yahoo! Finance]
Roblox Corporation Class A (RBLX)
Company Research
Source: Yahoo! Finance
However, analysts at Roth MKM are keeping the firm's price target at $55 while also keeping a buy rating on the shares. Roblox will report first-quarter earnings results on May 9, and the analysts believe the company will continue to report growth in line with recent quarters. Is Roblox stock a buy? Roblox is making a strong recovery following the slowdown in growth that started in 2022. Daily active users (DAU) hit a record high of 71.5 million in Q4 2023, and this sets up more revenue growth as players start spending money on virtual currency to unlock premium content. Growth in bookings (a non-GAAP measure of revenue) accelerated to 25% year over year in Q4, partially helped by a return to growth in average bookings per daily active user. Roth MKM believes these positive trends will lead the company to meet or beat the Street's estimates for the first quarter. The negative for Roblox right now is that the cost to put content on the platform and invest in technology is caus
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RBLX
Earnings
- 5/9/24 - Beat
RBLX
Sec Filings
- 5/16/24 - Form 4
- 5/14/24 - Form 4
- 5/13/24 - Form 144
- RBLX's page on the SEC website