Roblox received encouraging news from JPMorgan regarding the stabilization of user engagement statistics, marking the first week in recent memory where year-on-year growth did not moderate, while B. Riley reiterated a Buy rating and a $125 price target.
- The stabilization in engagement was attributed to the global age verification implementation.
- The company is scheduled to report Q4 results on February 5, with analysts projecting a loss of $0.49 per share, despite revenues being projected up 52.1% to $2.07 billion.
- The stock declined 1.65% to $74.03 on January 29 amid broader tech sector weakness.