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.
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