Roth/MKM’s analysts maintained their Buy rating on Roblox (NYSE:RBLX) with a price target of $48.00. Ahead of the Q3 earnings report, the analysts see Roblox as the leading choice within video games/interactive entertainment.
They anticipate Q3 bookings aligning with expectations and potential gains in adjusted EBITDA as operational leverage emerges. The upcoming investor meeting on November 15 could reveal more positive insights, including guidance metrics, an in-depth look at advertising potential, and details on margin growth, according to Roth/MKM.
The company is scheduled to report its Q3/23 earnings on Nov 7.