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Roblox initiated with a Perform at Oppenheimer
The Fly

Roblox initiated with a Perform at Oppenheimer

Oppenheimer analyst Martin Yang initiated coverage of Roblox with a Perform rating and no price target. While Roblox has proven success taking share in the video game market, the firm sees risks to its long-term growth and ability to gain more lucrative audiences. Oppenheimer believes a structurally lower payout to developers compared to competing platforms will impact growth in engagement and bookings in the next two to three years, the firm tells investors.

Published first on TheFly

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