Citi analyst Jason Bazinet maintains $Roblox (RBLX.US)$ with a buy rating, and adjusts the target price from $53 to $63.
According to TipRanks data, the analyst has a success rate of 61.2% and a total average return of 8.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Roblox (RBLX.US)$'s main analysts recently are as follows:
The company's bookings appear to be regaining momentum, according to an analyst's observation.
The company is demonstrating that its user-generated content platform is capable of propelling accelerating share gains as it engages larger and more diverse audiences across additional platforms. Analysts believe that the company's micro milestones reinforce confidence in its execution capabilities moving forward and its potential to surpass expectations. The success in reaching a wider audience and expansion on new platforms implies that the company's opportunities are continually expanding.
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.
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