Roblox price target raised to $33 from $28 at Wolfe Research

Wolfe Research raised the firm’s price target on Roblox to $33 from $28 and keeps an Underperform rating on the shares after the company reported “stellar” Q3 bookings and EBITDA. In terms of Q4 Street estimates, Roblox commented on being comfortable with consensus, which the firm views positively, added the analyst, who notes that the company said it will begin to provide fiscal year and forward quarter guidance, which is something the firm believes is desired by investors.