Benchmark Co. analyst Mike Hickey has reiterated their bullish stance on RBLX stock, giving a Buy rating today.
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Mike Hickey has given his Buy rating due to a combination of factors that highlight Roblox’s strong market position and growth potential. The company’s stock has experienced a significant surge, reflecting increased investor confidence in its core fundamentals and the success of its breakout games. Recent platform engagement and the success of titles like ‘Grow a Garden’ suggest an upside relative to consensus expectations for the second quarter.
Furthermore, Roblox’s ability to leverage immersive advertising formats and brand integrations positions it to unlock substantial advertising opportunities. The company’s robust developer ecosystem and international expansion are reshaping its monetization profile, indicating strong momentum heading into the latter half of the year and beyond. With expectations for higher full-year guidance and continued free cash flow growth, Roblox is well-positioned to deliver results that align with or exceed the high end of its guidance, supporting the Buy rating.
According to TipRanks, Hickey is a 5-star analyst with an average return of 6.1% and a 62.63% success rate. Hickey covers the Communication Services sector, focusing on stocks such as IMAX, Take-Two, and National Cinemedia.
In another report released today, Raymond James also maintained a Buy rating on the stock with a $130.00 price target.