tiprankstipranks
Roblox remains Top Idea based on growth prospects, says Roth MKM
The Fly

Roblox remains Top Idea based on growth prospects, says Roth MKM

Roth MKM analyst Eric Handler keeps a Buy rating and $50 price target on Roblox while noting that the stock remains the firm’s “Top Idea” because of its “very attractive, multi-year growth prospects entering 2024”. The emergence of advertising and real world e-commerce should help support average bookings growth from 2024-2026 of about 20% ,along with 100bps-300bps of annual adjusted EBITDA margin expansion, the analyst tells investors in a research note.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See today’s best-performing stocks on TipRanks >>

Read More on RBLX:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles