Citi Raises Roblox Price Target to $155 Ahead of Q3 Earnings

Citi boosts Roblox price target to $155, maintains Buy rating ahead of October 30 Q3 report, expecting bookings beat and raised 2025 outlook based on positive RoMonitor data.

Citi Raises Roblox Price Target to $155 Ahead of Q3 Earnings
Credit: Gabby Jones/Bloomberg
  • New Target: Citi increased Roblox (RBLX) price target from $152 to $155
  • Rating: Maintains Buy rating on the stock
  • Timing: Upgrade comes before Q3 earnings report scheduled for October 30

Positive Q3 Expectations

  • Data Source: RoMonitor tracking data suggests strong third-quarter performance
  • Expected Beat: Analysts predict Roblox will exceed estimates for both bookings (revenue) and adjusted EBITDA (profitability measure)
  • 2025 Outlook: Citi anticipates the company will raise its financial guidance for next year

Investment Opportunity

  • Catalyst Watch: Citi opened an "upside 30-day catalyst watch," signaling potential stock price gains in the near term
  • What This Means: The firm believes positive earnings results could drive the stock higher over the next month

Bottom Line: Strong data indicators suggest Roblox is positioned to deliver impressive Q3 results, potentially boosting investor confidence and share price.