Roblox's Earnings Surprise - Analyst Says Adjusted EBITDA Margins Can Comfortably Increase More Than 10%
Portfolio Pulse from Anusuya Lahiri
Roblox Corp (RBLX) has received positive reviews from several analysts following its Q3 2023 performance, which showed a 20% net bookings increase and a strategic reduction in expenses. Analysts from Benchmark, Roth MKM, Piper Sandler, Wedbush, and Stifel have reiterated Buy ratings and increased their price targets. They expect Roblox's growth to accelerate through expanding its player base, tapping emerging international markets, monetizing an advertising platform, and controlling expense growth. However, RBLX shares traded lower by 3.54% at $37.92 on the last check Thursday.
November 09, 2023 | 7:57 pm
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Roblox's Q3 2023 performance has led to positive reviews from several analysts, who expect the company's growth to accelerate. Despite this, RBLX shares traded lower recently.
Despite the positive reviews from analysts and the strong Q3 2023 performance, Roblox's shares traded lower recently. This suggests that while the company's long-term prospects may be positive, investors may be reacting to other short-term factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100