BofA analyst Omar Dessouky raised the firm’s price target on Roblox (RBLX) to $86 from $79 and keeps a Buy rating on the shares. Q1 bookings growth of 31% year-over-year was well ahead of the firm’s 25% year-over-year expectations and it raised its CY25 bookings growth forecast to 25% from 20% year-over-year previously to account for the Q1 beat, a slightly stronger Q2 core business, and $100M in advertising revenues new to its model, the analyst tells investors in a post-earnings note.
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- Roblox price target raised to $77 from $71 at Benchmark
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