Sunday, 3 March 2024

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Roblox price target raised to $41 from $37 at JPMorgan – TipRanks Financial Blog

IDT Corporation to Participate in East Coast IDEAS Virtual Investor Conference – TipRanks Financial Blog

JPMorgan raised the firm’s price target on Roblox to $41 from $37 and keeps a Neutral rating on the shares. The company’s beat on the top line in Q4 flowed to higher profitability and EBITDA, while its FY24 guidance was “well ahead” of the November investor day forecasts, the analyst tells investors in a research note. The firm further cites Roblox management indicating that its growth forecasts are largely driven by users, with conservative assumptions made around engagement, payer conversion, and monetization.

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