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RBLX - Roblox: Bookings Growth Ad Revenues To Help Boost Stock Significantly
Roblox Corporation Class A
2024-03-15 04:17:22 ET
Summary
Roblox expects bookings to grow by 20% at least annually until 2027.
Bookings growth outpaced the growth in developer exchange fees and infrastructure and trust and safety costs for 2 straight quarters, which bodes well for future profitability.
Advertisements could generate $1.3 billion annually, adding a major revenue stream.
My price target for Roblox is $101.13 by the end of 2027, implying 150% upside from current levels.