Roblox price target raised to $159 from $133 at BofA

BofA raised the firm’s price target on Roblox (RBLX) to $159 from $133 and keeps a Buy rating on the shares. Bookings growth of 51% year-over-year exceeded the expectations of “even the most bullish investors we spoke with pre-print,” according to the analyst, who adds that Q3 bookings guidance of 41% growth at minimum significantly exceeded BofA, the Street and “the most bullish of investors” as well. The firm, which calls the company’s calendar year 2025 guidance “too conservative,” raised its own 2025 bookings and EBITDA forecasts to $6.064B and $1.409B from $5.593B and $1.241B, respectively.