Citi analyst Jason Bazinet keeps a Buy rating and $51 price target on Roblox after the company’s Investor Day presentation. The company indicated that it was comfortable with 2024 consensus for bookings and adjusted EBITDA while also offering preliminary guidance for 2025-2027, stating that it believes that margins can expand by up to 300 bps for the next 3 to 5 years, the analyst tells investors in a research note. Comparing to consensus, there is scope for consensus estimates to move higher, Citi added.
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