Minneapolis (www.aktiencheck.de) – Roblox stock analysis by Piper Sandler:
Current rating
Piper Sandler has a price target for Roblox Corporation (ISIN: US7710491033, WKN: A2QHVS, NYSE symbol: RBLX) of 48 on 54 USD raised and remains at the classification “overweight”. This follows a comprehensive survey of 13,000 teenagers in the US that highlighted positive developments for Roblox.
Key survey results
– Active users: 46% of teenagers surveyed actively use Roblox. This represents a significant increase compared to the spring survey, where the proportion was around 34%. There is also a significant increase compared to the previous year (31%).
– Increase in usage frequency: Roblox usage has increased across all frequencies, indicating broader and deeper user engagement.
Comparison to competitors
– TikTok and Instagram: Both platforms were able to further expand their lead in frequency of use.
– Snapchat (SNAP): In contrast, Snapchat has continued to lose ground as the preferred app among young people.
Financial Impact and New Estimates
Piper Sandler has revised up estimates for Roblox based on the survey. The price target increase reflects improved youth user engagement and growth potential. Roblox remains a major player in social gaming and the metaverse, particularly among the youth demographic.
Conclusion
The positive survey results indicate that Roblox has been able to expand its appeal and market penetration in the teen segment. Rising user engagement suggests robust growth momentum, justifying Piper Sandler’s increased price target. Given these trends, the share remains attractive from an analyst perspective and continues to be rated “overweight”.
Risk factors
– Competition: Roblox faces intense competition from established platforms such as TikTok and Instagram, which have also been able to increase their usage frequency among young people.
– User retention: Although usage numbers have increased, Roblox needs to continually invest in content and features in order to retain users in the long term and develop new target groups.
– Macroeconomic uncertainties: Like all technology and growth stocks, Roblox is also affected by possible macroeconomic factors such as rising interest rates and declining consumer sentiment.
Overall, however, Roblox remains an attractive investment, particularly due to its strong position in the high-growth teen segment. (Analysis from October 9th, 2024)
Please also note information on the obligation to disclose conflicts of interest in accordance with Directive 2014/57/EU and corresponding EU regulations at the following link. (09.10.2024/ac/a/n)
Disclosure of possible conflicts of interest:
You can view potential conflicts of interest on the site of the creator/source of the analysis.
