StockNews.AI
RBLX
Benzinga
193 days

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.

5m saved
Insight
Article

FAQ

Why Neutral?

Despite a raised price target, earnings miss creates uncertainty similar to previous quarterly reports.

How important is it?

The article discusses earnings results and revised estimates, impacting investor perception directly.

Why Short Term?

The immediate market reaction to earnings requires close monitoring, evidenced by past volatile reactions post-earnings.

Related Companies

Related News