Roblox price target raised to $55 from $48 at BTIG

BTIG analyst Clark Lampen raised the firm’s price target on Roblox to $55 from $48 and keeps a Buy rating on the shares after its better than expected Q4 results. The company’s bookings growth was "healthy" while "modest" operating expense increase drove an EBITDA beat, the analyst tells investors in a research note. First half of 2023 should see bookings growth top 20% with some back-half deceleration to arrive at a 16% full year rate, and this could be conservative if current or forthcoming bookings drivers materialize more rapidly than expected, the firm adds.