BMO Capital raises Roblox's price target from $95 to $135, a 42.11% increase, and maintains an "Outperform" rating. The updated target reflects increased confidence in the company's growth trajectory. Roblox's average target price is $85.40, with a high estimate of $126 and a low estimate of $30. The average brokerage recommendation is 2.2, indicating "Outperform" status.
BMO Capital has significantly boosted Roblox's price target from $95 to $135, representing a 42.11% increase. The firm maintains an "Outperform" rating, signaling increased confidence in the company's growth trajectory. The updated target reflects BMO Capital's positive outlook on Roblox's future performance [NUMBER: 1].
Roblox's average target price among analysts stands at $85.40, with a high estimate of $126 and a low estimate of $30. The average brokerage recommendation is 2.2, indicating a strong "Outperform" status. This upward revision by BMO Capital aligns with the overall consensus, which is currently skewed towards a bullish outlook [NUMBER: 1].
The recent move by BMO Capital comes amidst a broader analyst consensus that is largely positive for Roblox. Over the past three months, 20 analysts have provided ratings, with 14 rating the stock as a "Buy," 4 as a "Hold," 2 as a "Sell," and none as a "Strong Buy" or "Strong Sell" [NUMBER: 1]. This consensus reflects the analysts' confidence in Roblox's growth potential and strategic positioning.
Roblox's earnings forecast for the next quarter is -$0.37, with a range of -$0.56 to -$0.28. The previous quarter's EPS was -$0.32, and Roblox has beaten its EPS estimate 100.00% of the time in the past 12 months, outperforming its industry average of 54.54% [NUMBER: 1].
In summary, BMO Capital's decision to raise Roblox's price target to $135 underscores the market's optimism about the company's growth prospects. The updated target aligns with the broader analyst consensus, which is predominantly positive for Roblox's future performance.
References:
[1] https://www.tipranks.com/stocks/rblx/forecast
Comments
ο»Ώ
No comments yet