Roth MKM raised the firm’s price target on Roblox (RBLX) to $70 from $54 and keeps a Neutral rating on the shares. The firm believes that the company will report better-than-expected Q4 results, though the shares appear to be pricing in this view. Roth adds that the ongoing platform expansion should allow Roblox to sustain 20% bookings growth in 2025 along with additional margin expansion, though at 8-times expected 2025 bookings, the firm also sees the stock “priced for perfection”.
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