Roblox shares jump 11.74% as analysts raise price targets

  • Roblox shares rose after BofA Securities and Wedbush increased their price targets.
  • Roblox stock gained 11.74% to $50.84 on Monday, according to Benzinga Pro.
  • Wells Fargo raised its target to $64 while maintaining an Overweight rating.

Roblox Corp (NYSE:RBLX) shares rose 11.74% to $50.84 on Monday after BofA Securities and Wedbush raised their price targets, while Wells Fargo adopted a more bullish stance. BofA analyst Omar Dessouky lifted his target to $48 from $44 but retained a Neutral rating, valuing the company at 20 times projected 2027 enterprise value to EBITDA. He cited stronger odds of a viral game breakout, including the recent popularity of Steal an Egg, while warning that Grand Theft Auto VI remains a competitive risk. Wedbush analyst Alicia Reese also kept a Neutral rating and raised her target to $48 from $40, using roughly 23 times fiscal 2028 EBITDA estimates. She highlighted Roblox's developer conference, safety initiatives, AI-assisted Build tool, payment improvements, browser access and offline play, but said clearer evidence of improved bookings is needed before becoming more optimistic. Wells Fargo analyst Ken Gawrelski maintained an Overweight rating and raised his target to $64 from $46. The discussion centers on Roblox's ability to attract developers, improve game discovery and convert engagement into revenue.

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Roblox shares jump 11.74% as analysts raise price targets - CoinPost Terminal