While there are plenty of game developers out there with stocks, Roblox (NYSE:RBLX) stands unique as one of the only games with a stock. Though Roblox itself is less a game and more a platform, it’s still pretty unique. And it’s up over 4.5% in Monday afternoon’s trading thanks to some positive new sentiment from analysts.
Word out of Roth MKM’s own Rohit Kulkarni and Eric Handler offered what would undoubtedly buoy the spirits of every Roblox investor out there. The duo hiked their performance estimates, noting that Roblox was in the midst of a “very attractive setup” for 2024, having successfully finished 2023 with some solid numbers. And with 2024 and beyond shaping up to be solid performers themselves, the duo notes, that should mean some big growth ahead. They even quantified their growth projections somewhat, looking for $1.08 billion in fourth-quarter bookings expectations alone.
