![]() Roblox closed FY 2022 reporting a strong holiday quarter, beating analyst estimates with regards to both topline and earnings.ĭuring the period from September to the end of December, Roblox generated total revenues of $579 million, which compares to $569 million for the same period one year prior (2% year-over-year growth) and as compared to consensus estimates of about $560 million (according to data collected from Refinitiv). On the backdrop of faster than expected DAU growth, I update my 2030 expectations for Roblox and I now calculate a fair implied share price equal to $58.20/share. In fact, as Roblox continues to innovate, grow its user base, and capture consumer engagement, I believe the company is one of the market's most attractive growth investment opportunities. And reflecting on a strong Q4 2022 reporting, paired with exceptional user growth in January, I am confident to reiterate a Buy rating for RBLX despite the company's rich FWD x7 EV/Sales valuation. ![]() Roblox ( NYSE: RBLX) stock is up approximately 30% since I argued to 'Buy The Dip'.
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