Roblox price target raised to $45 from $44 at Stifel

Stifel raised the firm’s price target on Roblox to $45 from $44 and keeps a Buy rating on the shares ahead of the company’s Q4 report scheduled on February 7. Third-party data for the period was “generally consistent with our model,” notes the firm, which is forecasting “another quarter of solid bookings growth.” The firm’s Q4 estimate for 19% year-over-year growth to $1.072B is in-line with consensus and reflects higher DAUs against lower monetization, the analyst noted.