Citi raised the firm’s price target on Roblox (RBLX) to $85 from $78 and keeps a Buy rating on the shares. Roblox reported Q1 bookings and adjusted EBITDA ahead of consensus estimates and raised its 2025 outlook modestly, notes the firm, which adds that it is “encouraged by recent trends.” There has been an acceleration in growth among experiences ranked 11 through 50 on the platform from 5% in Q1 of 2024 to over 100% in Q1 of 2025, adds the firm, which is updating its model to reflect Q1 performance and the latest outlook.
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