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Roblox price target raised to $55 from $50 at DA Davidson
The Fly

Roblox price target raised to $55 from $50 at DA Davidson

DA Davidson analyst Franco Granda raised the firm’s price target on Roblox to $55 from $50 and keeps a Buy rating on the shares. The company’s Q4 results featured a "massive" 80% EBITDA beat, with the model leverage being on full showcase despite the continued investments, the analyst tells investors in a research note. The firm adds that while there were no updates on immersive advertising, the discourse around automation of the Trust and Safety operations and the benefits from advancements in generative AI filled that void for Roblox.

Published first on TheFly

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