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Investing.com - Oppenheimer lowered its price target on Roblox Corp (NYSE:RBLX) to $150 from $158 while maintaining an Outperform rating following the company’s third-quarter earnings report. The stock is currently trading at $113, down from its previous close of $133.74, reflecting the volatility that InvestingPro data highlights as a characteristic of this high-growth tech name.
Roblox reported third-quarter bookings of $1.92 billion, exceeding FactSet consensus estimates of $1.72 billion. The company also guided fourth-quarter bookings to $2.03 billion at the mid-point, representing 44% year-over-year growth. This aligns with InvestingPro data showing impressive revenue growth of 27.39% over the last twelve months, with analysts anticipating a robust 68% sales growth for the current fiscal year.
Daily active users (DAUs) surpassed 150 million in the third quarter, with bookings growing 70% compared to the same period last year, demonstrating the platform’s continued popularity among Generation Z and Generation Alpha users.
Oppenheimer noted that management’s more conservative outlook on 2026 bookings and expected margin compression temporarily disrupted the bullish narrative, contributing to the stock’s recent decline.
The firm views the recent stock decline as "an excellent buying opportunity for long-term investors," citing Roblox as "the best platform for the most social and viral games" with substantial tools to enhance player engagement and monetization over the long term.
In other recent news, Roblox Corporation has reported a 70% year-over-year increase in bookings, surpassing the anticipated 60% growth. However, Jefferies has lowered its price target for Roblox to $115 from $130, maintaining a Hold rating due to cautious commentary about 2026 bookings and margins. Meanwhile, Goldman Sachs has upgraded Roblox’s stock rating from Neutral to Buy, raising the price target to $180, citing the company’s growth potential and increasing user engagement. Raymond James has reiterated its Outperform rating with a $165 price target, noting that Roblox’s recent results exceeded expectations in daily active users, engagement hours, and bookings. Despite concerns about 2026 margins, Raymond James suggests the company’s outlook is more positive than some investors fear. BofA Securities has also maintained a Buy rating on Roblox, increasing its EV/EBITDA multiple from 40x to 47x, driven by expectations of a stronger EBITDA following the investment cycle. These developments highlight the mixed but generally optimistic sentiment among analysts regarding Roblox’s future performance.
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