Citi analyst Jason Bazinet has maintained their bullish stance on RBLX stock, giving a Buy rating on April 21.
Jason Bazinet’s rating is based on a combination of factors, primarily focusing on the potential positive catalysts for Roblox’s stock. He anticipates that the upcoming first-quarter earnings release could exceed both the company’s guidance and market expectations, driven by favorable third-party data trends.
Additionally, Bazinet highlights the expected share price return of 25.5%, which suggests a significant upside potential for investors. This optimistic outlook is further supported by the analysis of data from sources like Rolimon, indicating robust bookings that could positively impact Roblox’s financial performance.
Bazinet covers the Communication Services sector, focusing on stocks such as Netflix, Roku, and Roblox. According to TipRanks, Bazinet has an average return of 11.9% and a 60.87% success rate on recommended stocks.
In another report released on April 21, Bank of America Securities also maintained a Buy rating on the stock with a $79.00 price target.