Roblox Corp Ordinary Shares - Class A
RBLX: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$58.00 | Vqfxzwz | Dkbwvsxn |
Roblox Earnings: Strong User Growth and Cost Leverage Bode Well for 2024
Roblox reported strong third-quarter results, with promised operating leverage starting to materialize while underlying growth remained solid. Management withheld some details before its planned analyst day next week, but the firm appears set to reap the benefits from several of its recent investments. We are maintaining our $60 fair value estimate and believe the shares still look attractive after a nice jump on the earnings release.