Truist Securities Adjusts Price Target on Roblox to $45 From $42, Maintains Hold Rating

Like
Comment
Favorite

Truist Securities Adjusts Price Target on Roblox to $45 From $42, Maintains Hold Rating

Benzinga2023-07-19

Truist Securities analyst Matthew Thornton reiterated a Hold rating on Roblox Corporation, raising the price target to $45 from $42.Thornton believes AI should have a material impact on content ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1121632880?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-07-19 11:35","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1121632880","market":"us","top_or_hot":-1,"title":"Truist Securities Adjusts Price Target on Roblox to $45 From $42, Maintains Hold Rating","media":"Benzinga","content":"<div>\n<p>Truist Securities analyst Matthew Thornton reiterated a Hold rating on Roblox Corporation, raising the price target to $45 from $42.Thornton believes AI should have a material impact on content ...</p>\n\n<a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/23/07/33272035/ai-driven-automation-to-drive-robloxs-margins-by-2030-analyst-boosts-target\">Source Link</a>\n\n</div>\n","source":"lsy1606299360108","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Truist Securities Adjusts Price Target on Roblox to $45 From $42, Maintains Hold Rating</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTruist Securities Adjusts Price Target on Roblox to $45 From $42, Maintains Hold Rating\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-07-19 11:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/analyst-ratings/analyst-color/23/07/33272035/ai-driven-automation-to-drive-robloxs-margins-by-2030-analyst-boosts-target><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Truist Securities analyst Matthew Thornton reiterated a Hold rating on Roblox Corporation, raising the price target to $45 from $42.Thornton believes AI should have a material impact on content ...</p>\n\n<a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/23/07/33272035/ai-driven-automation-to-drive-robloxs-margins-by-2030-analyst-boosts-target\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RBLX","symbol_name":"Roblox Corporation","start_time":0,"source_url":"https://www.benzinga.com/analyst-ratings/analyst-color/23/07/33272035/ai-driven-automation-to-drive-robloxs-margins-by-2030-analyst-boosts-target","article_id":"1121632880","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1121632880","pubTimestamp":1689737711,"sourceInfo":{"source_id":"lsy1606299360108","name":"Benzinga"},"weMediaInfo":null,"summary":"Truist Securitiesanalyst Matthew Thornton reiterated a Hold rating onRoblox Corporation,raising the price target to $45 from $42.Thornton believes AI should have a material impact on content creation ","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"RBLX":"Roblox Corporation"},"translate_title":"Truist Securities将Roblox的目标价从42美元调整至45美元，维持持有评级","themeId":"3e24a06b134544b39ea5a7e60150983f","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RBLX":1.1},"content_text":"Truist Securities analyst Matthew Thornton reiterated a Hold rating on Roblox Corporation, raising the price target to $45 from $42.Thornton believes AI should have a material impact on content creation for RBLX in terms of speed and quantity of quality content to market. However, AI should also have a meaningful effect on RBLX's cost structure longer-term, the most tangible being Trust & Safety costs, the analyst notes. RBLX had 2300 dedicated 3rd party T&S agents (mostly overseas) as of 2020 per the S1 (and \"thousands\" as of 2022 per the 10K), the analyst adds. Even at USA minimum wage ($7.25/hour, 40 hours per week, 48 working weeks per year), and assuming that 2300 hasn't/doesn't increase with user growth (which should be conservative), AI-driven automation of 3P T&S headcount would increase 2030 AEBITDA margin by ~50bps, Thornton adds.Going ahead, the analyst continues to expect RBLX to make its way to other platforms, though again, the incremental lift is likely to be pretty modest.Thornton estimates Xbox to have accounted for at least 2% of RBLX bookings in 2022, given Xbox skews western/developed markets (which tend to have much higher monetization rates per player).The analyst estimates daily user growth of 23%/18%/15% in 2023/2024/2025 (versus 23% in 2022) driven by the international segment.Thornton views the forward consensus AEBITDA as too low in the short term.For 3Q, AEBITDA is estimated at $73 million (vs consensus of $61 million-$64 million), for 2023 it is estimated at $388 million (vs consensus of $344 million-$352 million), and for 2024 AEBITDA is expected to be $502 million (vs consensus $488 million-$505 million).Price Action: RBLX shares are trading higher by 2.43% to $45.54 on the last check Tuesday.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}