Oppenheimer ups Roblox to Outperform as pullback creates ‘excellent’ entry point

As previously reported, Oppenheimer upgraded Roblox (RBLX) to Outperform from Perform with a $70 price target The firm believes the recent pullback in the stock has created an excellent entry point for long-term investors. Oppenheimer’s recent checks suggest that revenue contribution from programmatic video ads will materialize in 2025, and recent user engagement remains very strong throughout Q1. Longer term, the firm believes Roblox is well positioned to sustain bookings growth and margin expansion at rates that outperform the video game industry, based on its unique user growth momentum, technology infrastructure, and untapped monetization potential.