Oppenheimer maintained its Outperform rating and $158.00 price target on Roblox Corp. following an analysis of the company's third-quarter performance. The firm described the quarter as a "milestone," noting that new games are driving significant platform growth, despite creating some volatility in player engagement metrics. Analysts at Wedbush also signaled that Roblox is poised to beat Q3 expectations, driven by rising user activity and better monetization trends. Oppenheimer's research highlighted that shifts in the game mix have presented some challenges, with users moving between games with different monetization levels. Despite this, the firm updated its third-quarter bookings estimate for Roblox, projecting strong 53% year-over-year growth. This positive outlook contrasts with more mixed reviews from other analysts, with some holding "Sell" or "Neutral" ratings, reflecting ongoing debates about the company's growth potential amid recent controversies.
Oppenheimer Reiterates Outperform Rating on Roblox, Citing 'Milestone' Q3 Performance
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