Roblox Aims For 10% Of Gaming Market As Mobile, Desktop Bookings Grow: Analyst
1. Analyst raised RBLX price target from $60 to $72, maintaining a Buy rating. 2. Q4 bookings of $1.36 billion missed estimates, impacting short-term stock sentiment. 3. First-quarter bookings expected between $1.125 billion and $1.150 billion, still solid. 4. Improvement in mobile and desktop growth (+27%), though pre-paid and console lagged. 5. Long-term goals focus on achieving 10% market share in gaming content.