Brian Pitz, an analyst from BMO Capital, reiterated the Buy rating on Roblox (RBLX – Research Report). The associated price target was raised to $95.00.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Brian Pitz has given his Buy rating due to a combination of factors, primarily driven by strong user engagement and growth metrics. The recent launch of the game ‘Grow a Garden’ has significantly contributed to the increase in daily active users (DAUs), breaking multiple engagement records and accelerating growth trends beyond expectations. This surge in user activity has led to an upward revision of Roblox’s bookings estimates for the second quarter of 2025, as well as for the fiscal years 2025 and 2026.
Furthermore, Roblox has consistently exceeded its guidance for bookings over the past four quarters, showcasing its ability to outperform market expectations. The company has multiple growth levers at its disposal, including platform optimizations, advertising, and genre expansion, which are expected to drive continued growth. As a result, Pitz has raised the target price for Roblox to $95, reflecting confidence in the company’s potential to capitalize on these opportunities.
In another report released yesterday, Citi also maintained a Buy rating on the stock with a $100.00 price target.
RBLX’s price has also changed dramatically for the past six months – from $50.130 to $84.790, which is a 69.14% increase.
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue