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SAN MATEO, Calif. - Roblox Corporation (NYSE: RBLX), a prominent gaming and creation platform with a market capitalization of $63.2 billion, announced today the appointment of Naveen Chopra as the company’s new Chief Financial Officer, set to take his post on June 30, 2025. Chopra, with a substantial background in finance and strategy across various tech and media firms, is poised to drive Roblox’s financial operations forward. According to InvestingPro data, the company has demonstrated remarkable growth with a 168.9% return over the past year, though current analysis suggests the stock is trading above its Fair Value.
Chopra’s career spans over 25 years, with significant roles such as EVP and CFO at Paramount, where he played a pivotal role in transitioning the company to a focus on streaming services. His tenure at Amazon saw him blend technical innovation with new monetization avenues for key consumer products, including Alexa and Fire TV. Previous CFO positions at Pandora and TiVo, along with his current board membership at Macy’s Inc., complement his robust experience.
In his new role, Chopra will manage Roblox’s financial functions, including accounting, audit, tax, treasury, business operations, investor relations, and financial planning and analysis. His track record of fostering growth and innovation aligns with Roblox’s expansion goals, particularly as the company maintains strong revenue growth of 30.2% and holds more cash than debt on its balance sheet.
David Baszucki, Roblox CEO and co-founder, expressed confidence in Chopra’s capabilities, citing his financial expertise and engineering background as crucial for the company’s continued innovation and success.
Chopra will succeed Michael Guthrie, who announced last year his plans to step down as CFO to pursue personal interests. Guthrie will remain in his current role until the transition date and will subsequently serve as a consultant to ensure a smooth handover. Guthrie’s achievements include guiding Roblox through a period of significant growth, its 2021 direct listing, and a $1 billion debt issuance.
The incoming CFO expressed enthusiasm about joining Roblox, recognizing the opportunity to leverage his background in technology and media to contribute to the company’s growth narrative.
This leadership change comes as part of Roblox’s broader vision to foster safe and immersive community experiences and support economic growth worldwide. With the stock trading near its 52-week high of $96.28 and analysts setting price targets ranging from $38 to $105, investors seeking deeper insights can access comprehensive analysis through InvestingPro, which offers 13 additional ProTips and detailed financial metrics for informed decision-making. The information provided in this article is based on a press release statement.
In other recent news, Roblox Corp. has been the focus of multiple analyst updates and corporate developments. BMO Capital Markets raised its price target for Roblox to $95, maintaining an Outperform rating, driven by robust growth in daily active users and the success of the game "Grow a Garden." BMO’s revised forecasts for Roblox’s second-quarter bookings now stand at $1.216 billion, surpassing the high end of the company’s guidance. Similarly, Piper Sandler increased its price target to $105, citing strong user data and long-term platform opportunities. BofA Securities also raised its price target to $103, maintaining a Buy rating and highlighting expected over 20% year-over-year growth through 2027.
Conversely, TD Cowen reiterated a Sell rating with a price target of $40, noting a slight downturn in user engagement for "Grow a Garden" despite previous growth. In corporate news, Roblox completed its reincorporation from Delaware to Nevada, effective May 30, 2025, following stockholder approval. This change does not affect the company’s business operations or financial obligations. Additionally, several board directors were elected and executive compensation was approved during Roblox’s annual meeting. These developments reflect a mix of optimism and caution among analysts and highlight ongoing strategic changes within the company.
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