Roblox price target raised to $72 from $70 at Roth MKM

Roth MKM raised the firm’s price target on Roblox (RBLX) to $72 from $70 and keeps a Neutral rating on the shares. The company’s Q4 bookings came in at the high end of the guidance range but still short of the more aggressive Street projections, which also overshadowed its adjusted EBITDA outperformance, the analyst tells investors in a research note. Roth adds however that Roblox is executing well and remains positioned for 20% annual bookings growth along with steady adjusted EBITDA margin expansion.