Shares of Roblox Corp (NYSE: RBLX) rose slightly in premarket trading on Thursday, after the San Mateo, California-based company reported strong fourth-quarter results.
The results came amid an exciting earnings season. Here are some key analyst takeaways from the release.
Roth Capital Partners analyst Eric Handler maintained a Buy rating, while lifting the price target from $50 to $55.
Needham analyst Bernie McTernan reiterated a Buy rating, while raising the price target from $51 to $55.
Oppenheimer analyst Martin Yang reaffirmed a Perform rating on the stock.
Goldman Sachs analyst Eric Sheridan maintained a Neutral rating and price target of $48.
Check out other analyst stock ratings.
Roth Capital: Roblox reported its fourth-quarter bookings and adjusted EBITDA of $1.127 billion and $260 million, up 25% and 42%, respectively, topping the consensus estimates of $1.078 billion and $191 million, Handler said in a note.
“Roblox is benefiting from …
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