Citi raised the firm’s price target on Roblox (RBLX) to $155 from $152 and keeps a Buy rating on the shares ahead of the Q3 report on October 30. The firm says data from RoMonitor indicate a Q3 bookings and adjusted EBITDA beat for Roblox. Citi also expects the company to increase its 2025 outlook. As a result, it opened an “upside 30-day catalyst watch” on the shares.
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