share_log

Macquarie Maintains Roblox(RBLX.US) With Buy Rating

Futu News ·  Nov 1 23:33  · Ratings

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.

AnalystRecentRatingAutoNews_79821967415353_20241031_ca0f25edabcd00b07dc133afc46fcb0691630f3e_1730478683331085_nn_en

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:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment