BTIG analyst Clark Lampen keeps his Buy rating and $48 price target on Roblox after the company reported "strong" metrics for December. The outperformance was driven by the company’s improving core monetization as well as a strong quarter for gift cards, the analyst tells investors in a research note. Lampen adds that as comps ease over the next five months, Roblox growth should accelerate, also noting that he expects landing page optimizations to allow the company to continue driving improvements in monetization approaching the back half of the year.
Published first on TheFly
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