Roblox price target raised to $55 from $45 at Deutsche Bank

Deutsche Bank analyst Benjamin Black raised the firm’s price target on Roblox to $55 from $45 and keeps a Buy rating on the shares. The company’s Q4 and January results alleviated fears by displaying durable accelerative trends in Bookings and daily active users, the analyst tells investors. Further, the firm argues there was an undertone of expense control in the results, with the company beating EBITDA expectations and management signaling slowing hiring plans for the year.