BUZZ-Roblox rises on strong annual bookings forecast
Roblox Corp. Class A RBLX | 60.44 | +1.09% |
S&P 500 index SPX | 7041.28 | +0.26% |
** Shares of video game platform Roblox RBLX.N jump 11.4% in premarket trading
** Forecasts fiscal 2026 bookings between $8.28 billion and $8.55 billion, above estimates of $7.87 billion - data compiled by LSEG
** Q4 bookings of $2.22 billion beat estimates of $2.05 billion
** Expects this year's margins to range between flat and slightly down on higher investments in safety and infrastructure
** To provide only quarterly projections, not annual forecasts from 2027
** Of 37 analysts covering the stock, 25 rate "buy" or "strong buy", 11 "hold" and one "sell"; their median PT is $130 - LSEG compiled data
** RBLX stock down ~25% YTD, underperforming a 0.6% decline in the S&P 500 .SPX
