Macquarie analyst Aaron Lee maintains $Roblox (RBLX.US)$ with a buy rating.
According to TipRanks data, the analyst has a success rate of 40.0% and a total average return of 0.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Roblox (RBLX.US)$'s main analysts recently are as follows:
Roblox reported a third-quarter performance that surpassed expectations and improved its forecast for 2024 across all measurements. The expectation is that this projection might be cautious, as discussions with the company indicate ongoing robust booking trends.
Roblox has exhibited accelerated momentum in key performance indicators, such as record-high bookings, surging daily active users, and increased engagement hours. While safety concerns are not uncommon across various social platforms, these issues are being actively addressed by management.
The adjustment in Roblox's performance expectations comes after the company reported a quarter showcasing record metrics. Analysts note that PlayStation 5 availability was a significant contributor to this success, with console bookings now representing 8% of total bookings and aiding in improving monetization. It is anticipated that console bookings will surpass mobile bookings by 2025 due to lower penetration among Roblox developers and a higher monetization potential stemming from an older and wealthier player demographic.
Note:
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