Professional
Added to YB: 2024-11-05
Pitch date: 2024-11-01
RBLX [bullish]
Roblox Corporation
+64.88%
current return
Author Info
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Company Info
Roblox Corporation operates an immersive platform for connection and communication in the United States and internationally.
Market Cap
$66.2B
Pitch Price
$52.74
Price Target
70.00 (-21%)
Dividend
N/A
EV/EBITDA
-103.74
P/E
-66.12
EV/Sales
14.59
Sector
Entertainment
Category
growth
Show full summary:
BofA Boosts Roblox Price Target to $70
RBLX: BofA raises PT to $70 on strong Q3. Bookings +34% YoY, EBITDA margin +500bps to 20%. DAUs +25% YoY in US/Can. PS5 availability, Search & Discovery algos drove growth. Console now 8% of bookings. Cost per hour -11% QoQ. Margin expansion exceeding goals.
Read full article (1 min)