Goldman Sachs maintains Roblox stock with $63 target post-earnings

Published 02/05/2025, 11:02
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On Friday, Goldman Sachs reaffirmed a Neutral rating with a steady price target of $63.00 on Roblox Corporation (NYSE:RBLX) following the company’s first quarter earnings report. The target sits within the broader analyst range of $38 to $91, while InvestingPro analysis suggests the stock is trading above its Fair Value. The firm anticipates a positive investor response to the earnings report, highlighting management’s discussion of early positive indicators from new initiatives aimed at boosting long-term engagement, monetization, and user growth.

Roblox’s management presented their Q1 2025 financial results, noting a topline that surpassed both Goldman Sachs and Street expectations. The company’s revenue growth reached 28.7% year-over-year, with total revenue of $3.6 billion in the last twelve months. This success was attributed to strong user momentum and monetization trends, which were influenced by recent product initiatives, including differentiated Robux pricing, price optimization, and improvements to search and discovery features.

Additionally, the management team spoke favorably about long-term business strategies, including a partnership with Google (NASDAQ:GOOGL) Ads and the implementation of rewarded video content. These initiatives are expected to contribute to the ongoing growth and profitability of the platform. InvestingPro subscribers can access 8 additional key insights about Roblox’s financial health and growth prospects through our comprehensive Pro Research Report, part of our coverage of 1,400+ US stocks.

Despite the positive outcomes in Q1, including an adjusted EBITDA margin beat and expectations for margin expansion in Q2, the guidance for the second half of 2025 suggests a slower rate of margin expansion. However, the full-year guidance remains aligned with the targets set during Roblox’s 2023 investor day.

Roblox’s focus on long-term engagement and monetization strategies, as well as user growth, are seen as key factors in driving the company’s continued success. The steady price target reflects Goldman Sachs’ view of the company’s financial prospects based on the latest earnings report and management’s strategic plans.

In other recent news, Roblox Corporation has reported first-quarter results that have exceeded expectations, leading to a series of analyst upgrades. Needham raised its price target for Roblox to $79, maintaining a Buy rating, citing impressive first-quarter bookings and adjusted EBITDA, despite the company’s conservative full-year guidance. Similarly, BMO Capital increased its price target to $82 and reiterated an Outperform rating, highlighting that Roblox’s bookings and adjusted EBITDA surpassed consensus estimates, prompting an upward revision of its 2025 guidance.

JPMorgan also adjusted its outlook, raising the price target to $80 with an Overweight rating, following a 31% year-over-year bookings growth. BTIG maintained a Buy rating with a $73 target, noting that Roblox’s financial performance outperformed their estimates, driven by increased daily active users and monetization rates. Benchmark raised its target to $77, emphasizing Roblox’s strategic initiatives like differential pricing and immersive advertising that are enhancing monetization efficiency.

Across these reports, analysts have noted significant growth in daily active users and monetization strategies, contributing to Roblox’s strong performance. The company has seen a demographic shift with users aged 13 and older now forming the majority of its user base, indicating potential for sustained growth. These developments reflect confidence among analysts in Roblox’s ability to capitalize on its expanding market opportunities.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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