Browsing: Metaverse & Virtual Worlds

Roblox (NYSE:RBLX – Get Free Report) had its target price reduced by DA Davidson from $50.00 to $48.00 in a report released on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. DA Davidson’s price objective indicates a potential upside of 10.89% from the company’s current price.

Strong engagement drove Q3 outperformance: Roblox reported 138 million daily active users, nearly 34 billion engagement hours, and bookings above the high end of guidance. Retention reached its highest level since 2021, while adult users grew rapidly and monetize at least 50% more than users under 18.