Roblox price target raised to $75 from $62 at BMO Capital

BMO Capital analyst Brian Pitz raised the firm’s price target on Roblox (RBLX) to $75 from $62 and keeps an Outperform rating on the shares. The company’s FY25E guide was mixed as Bookings came in 0.7% below consensus but 1% ahead on adjusted EBITDA, the analyst tells investors in a research note. BMO adds however that Roblox management did not guide advertising, suggesting the opportunity remains early, also noting that it is adjusting its model to a 10-year discount cash flow to better reflect ramping opportunities in core games and advertising.