Roblox December bookings above sell-side consensus, says Truist

After Roblox released certain key metrics for the month of December, Truist analyst Matthew Thornton said he believes December bookings were above sell-side consensus and "directionally consistent" with his preview. Bookings upside was driven by both solid user growth and engagement, said Thornton, who believes the stock "deserves to trade up on these metrics" after downside in the company’s October and November reports. The analyst, who also noted that Roblox disclosed that it will stop reporting monthly KPIs after its March report to be published in April, has a Hold rating and $37 price target on the shares.