Are Roblox's Woes Temporary? Analysts Cut Forecasts But Are Optimistic About Outlook
Are Roblox's Woes Temporary? Analysts Cut Forecasts But Are Optimistic About Outlook
Roblox Corp (NYSE:RBLX) shares recovered slightly in early trading on Friday, after tanking in the previous session on the company's weak outlook.
Roblox Corp（紐約證券交易所代碼：RBLX）股價在週五早盤交易中小幅回升，此前該公司前景疲軟。
The results came amid an exciting earnings season. Here are some key analyst takeaways.
業績是在激動人心的業績季中公佈的。以下是一些重要的分析師要點。
Goldman Sachs On Roblox
高盛在 Roblox 上
Analyst Eric Sheridan maintained a Neutral rating while slashing the price target from $48 to $38.
分析師埃裏克·謝里丹維持中性評級，同時將目標股價從48美元下調至38美元。
Roblox indicated it witnessed a decline in engagement in the first quarter, across regions, age cohorts and platforms, while identifying the likely cause as "a need for fresher content and more personalized experiences (as opposed to any competitive dynamic or market saturation)," Sheridan said in a note.
謝里登在一份報告中說，Roblox表示，它目睹了第一季度各地區、年齡段和平台的參與度下降，同時認爲可能的原因是 “需要更新鮮的內容和更具個性化的體驗（而不是任何競爭動態或市場飽和度）”。
In the near term, investors were likely to focus on "the broader month-to-month user growth/engagement patterns" to determine whether the landscape exhibits consumer fatigue or competition, the analyst stated.
分析師表示，在短期內，投資者可能會關注 “更廣泛的逐月用戶增長/參與模式”，以確定這一格局是表現出消費者疲勞還是競爭。
"Looking long term, we still see Roblox as a well-positioned company in the gaming/interactive entertainment space as well as an emerging thematic player around the metaverse and creator economy themes," he further wrote.
他進一步寫道：“從長遠來看，我們仍然認爲Roblox在遊戲/互動娛樂領域是一家處於有利地位的公司，也是圍繞元宇宙和創作者經濟主題的新興主題參與者。”
Check out other analyst stock ratings.
查看其他分析師股票評級。
Piper Sandler On Roblox
派珀·桑德勒在 Roblox 上
Analyst Thomas Champion reiterated an Overweight rating while cutting the price target from $56 to $40.
分析師托馬斯·冠軍重申了增持評級，同時將目標股價從56美元下調至40美元。
Roblox reported disappointing first-quarter results, with a sequential slowdown in growth of both bookings and DAUs (daily active users), Champion said. Management lowered its full-year bookings guidance from $4.14-$4.28 billion, representing around 20% year-on-year growth at the mid-point, to $4.0-$4.1 billion, reflecting 15% growth, he added.
Champion說，Roblox公佈了令人失望的第一季度業績，預訂量和每日活躍用戶數（每日活躍用戶）的增長連續放緩。他補充說，管理層將其全年預訂預期從41.4億美元至42.8億美元（中點同比增長約20％）下調至40億至41億美元，反映了15％的增長。
"We think the revision casts doubt on the ability of the company to expand Bookings at a 20% multi-year CAGR," the analyst wrote. He added, however that management still reiterated the EBITDA guide at $530-$600 million, "suggesting the profit and FCF outlook relatively unchanged."
該分析師寫道：“我們認爲，此次修訂使人們懷疑該公司以20％的多年複合年增長率擴大預訂的能力。”但是，他補充說，管理層仍重申息稅折舊攤銷前利潤爲5.3億至6億美元，“表明利潤和FCF前景相對不變。”
Wedbush On Roblox
Roblox 上的 Wedbush
Analyst Nick McKay reaffirmed an Outperform Neutral rating while reducing the price target from $56 to $46.
分析師尼克·麥凱重申了跑贏大盤中性評級，同時將目標股價從56美元下調至46美元。
"At a high level, Q1 was bookended by a strong start and a strong finish," McKay wrote in a note. "The middle of the quarter was impacted by issues that began to surface in Q4," he added.
麥凱在一份報告中寫道：“在較高的水平上，第一季度以良好的開局和強勁的收官爲前提。”他補充說：“本季度中期受到第四季度開始浮出水面的問題的影響。”
While concerns around management credibility could exert pressure on the stock in the near term, if third-party data trackers and/or future quarterly results indicate that the company has turned the corner, "the stock could appreciate meaningfully," the analyst stated.
儘管對管理層信譽的擔憂可能會在短期內給該股帶來壓力，但如果第三方數據跟蹤器和/或未來的季度業績表明該公司已經轉危爲安，“該股可能會大幅升值，” 該分析師表示。
RBLX Price Action: Shares of Roblox were up by 3.45% to $31.42 at the time of publication on Friday.
RBLX價格走勢：週五發佈時，Roblox的股價上漲了3.45％，至31.42美元。
Photo: Courtesy Roblox
照片：由 Roblox 提供
譯文內容由第三人軟體翻譯。