Roblox price target raised to $77 from $71 at Benchmark

Benchmark analyst Mike Hickey raised the firm’s price target on Roblox (RBLX) to $77 from $71 and keeps a Buy rating on the shares. Roblox exceeded expectations in Q1 and while the second half of the year presents tougher comps, performance trends remain “constructive across geographies, age cohorts, and experience tiers,” the analyst tells investors in a post-earnings note. The company raised full-year bookings and AEBITDA guidance, positioning fiscal 2025 performance above Street expectations, the analyst added.