Roblox Bookings Growth Stands Out; These 4 Analysts Deep Dive Into Q4 Print
Portfolio Pulse from Priya Nigam
Roblox Corp (NYSE:RBLX) shares rose in premarket trading after reporting strong Q4 results, surpassing consensus estimates with bookings and adjusted EBITDA growth. Analysts from Roth Capital, Needham, Oppenheimer, and Goldman Sachs provided insights, with price target adjustments reflecting optimism about Roblox's user growth, monetization, and international expansion.
February 08, 2024 | 4:17 pm
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Roblox Corp reported strong Q4 results with significant bookings and adjusted EBITDA growth, leading to positive analyst ratings and adjusted price targets.
Roblox's Q4 performance exceeded expectations, showing a 25% and 42% increase in bookings and adjusted EBITDA, respectively. This outperformance, coupled with positive analyst ratings and increased price targets, suggests a bullish short-term outlook for RBLX shares. Analysts highlight Roblox's user growth, monetization improvements, and international expansion as key drivers.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100