RBLX - Roblox's Investor Day Sparks Analyst Optimism: Highlight Projected Bookings Growth And Margin Expansion | Benzinga
Piper Sandler analyst Thomas Champion maintained Roblox Corp (NYSE: RBLX) with an Overweight and raised the price target from $50 to $52.
The analyst remains impressed by the RBLX Investor Day, which featured a discussion around advertising, AI, model leverage, and ~20%+ bookings growth. Advertising will likely include a full-funnel suite of products by FY25 with revenue at higher incremental margins than the core business. As for financial targets, management spoke to ~20%+ bookings growth through FY25-FY27 and 1-3% annual margin expansion.
The analyst projects Q4 revenue of $758.1 million.
Oppenheimer analyst Martin Yang reiterated a Perform rating.
Roblox hosted its third annual Investor Day to highlight its latest features, vision, and business outlook. The primary focus of this year's Investor Day revolved around its advertising roadmap to onboard more brands and increase spend through additional advertising functionality and solutions. Furthermore, Roblox commented on its 2024 outlook and is "feeling comfortable" with consensus estimates. Management also guided booking growth at above 20% bookings from FY25-FY27.
The analyst projects Q4 revenue of $1.1 billion.
Needham analyst Bernie McTernan reiterated a Buy rating with a price target of $51.
RBLX hosted its annual investor day, ...