BMO Capital raised the firm’s price target on Roblox (RBLX) to $82 from $75 and keeps an Outperform rating on the shares. The company delivered strong Q1 results with Bookings growth and EBITDA margins topping estimates, the analyst tells investors in a research note. The quarter’s upside was driven by strong engagement as daily active users growth of 26% YoY to 98M, differential Robux pricing, price optimizations, and regional pricing help improve existing playtime monetization, BMO added.
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