Goldman Sachs analyst Eric Sheridan maintains $Roblox (RBLX.US)$ with a hold rating, and adjusts the target price from $45 to $55.
According to TipRanks data, the analyst has a success rate of 55.4% and a total average return of 13.5% 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 increased its 2024 forecasts across the board. The expectation is that these projections may be on the lower side, given discussions indicating that booking trends are continuing to be robust.
Roblox's key performance metrics are showing signs of acceleration, with bookings, daily active users, and engagement hours reaching all-time highs. While safety concerns are not unique to the platform and exist across many social applications, they are considered addressable issues that the management is actively working to resolve.
Roblox's recent financial results showcased record-setting metrics. The increase in PlayStation 5 availability significantly contributed to this success, with the console now accounting for 8% of total bookings and aiding in improved monetization. It is anticipated that console bookings will surpass mobile bookings by 2025, given the console's lower penetration among Roblox developers and its ability to monetize more effectively, thanks to an older and more affluent player demographic.
Note:
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