Stifel analyst Drew Crum reiterated a Buy rating and $40 price target on Roblox following the company’s December DAU update. The analyst said he updated his model, increased 2022 estimates and made more modest adjustments to his 2023-2024 assumptions. Crum noted that, recapping December KPIs, all metrics represented monthly records for Roblox, were ahead of his figures, and he believes ahead of market expectations.
Published first on TheFly
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