Citigroup Hikes Roblox Corporation (RBLX)’s Price Target To $123, Maintains Buy Rating

Roblox Corporation (NYSE:RBLX) is one of the 13 Best Booming Stocks to Buy Now. On July 11, Citigroup maintained a Buy rating for the stock, while raising its price target to $123 from $100, which reflects an anticipation of continued upside potential, adding to the 81% year-to-date gains already in 2025.

Citigroup Hikes Roblox Corporation (RBLX)'s Price Target To $123, Maintains Buy Rating

A person taking lessons through Roblox Education, expanding their knowledge and skills.

The analysts cited robust second-quarter user data from RoMonitor and a favorable verdict on App Store fees as the reason behind the revision. They also highlighted the surge Roblox Corporation (NYSE:RBLX) has had since May after the announcement of Q1 FY25 results, with the market now pricing in an annual EBITDA of approximately $880 million.

Citigroup expects April’s court ruling requiring Apple to allow third-party payments to be a major tailwind for Roblox Corporation (NYSE:RBLX). Analysts estimate that lower platform fees have the potential to boost EBITDA by between $220 million and $600 million for the company.

Roblox Corporation (NYSE:RBLX) offers an immersive platform for communication and connection, allowing users to create, work, learn, play, and connect in experiences developed by its global community of creators.

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