TLDR Oppenheimer maintained its Outperform rating on Roblox stock after the second-quarter results. Roblox reported $1.56 billion in bookings, an 8% increase from the previous year. Revenue r
Roblox (RBLX) stock remains under close watch after Oppenheimer kept its Outperform rating following the company’s second-quarter results. The firm maintained a positive view despite weaker bookings, lower guidance, and pressure on near-term monetization.
Roblox reported second-quarter bookings of $1.56 billion, up 8% from a year earlier. The figure came near the bottom of company guidance and about 2% below Oppenheimer’s earlier estimate.
Oppenheimer kept its Outperform rating after reviewing the latest results. The firm noted stable retention and a broader mix of content across the platform.
However, the analyst said the timing of a recovery in monetization remains unclear. Roblox stock closed at $48.67 after falling 65% over the past year.
Quarterly revenue rose 36% to $1.47 billion. Adjusted EBITDA reached $152 million, including a $34 million settlement add-back.
Free cash flow totaled $294 million during the quarter. Daily active users increased 10% to 123 million, while total hours rose 5% to 29 billion.
Monetization per hour weakened during the period. User activity moved away from viral games with stronger spending toward evergreen titles with lower revenue rates.
Roblox projected third-quarter bookings to decline between 14% and 18% from a year earlier. The company also withdrew its full-year 2026 guidance.
Management linked the pressure to changes in its search and discovery system. The updated algorithm gives more weight to 28-day retention and long-term user activity.
Oppenheimer said retention remained steady despite the weaker outlook. The company also continued to expand its content mix across different game categories.
Canaccord lowered its price target to $58 from $80 but kept a Buy rating. The firm cited slower bookings and weaker monetization from newer titles.
BTIG downgraded Roblox to Sell and set a $30 target. Barclays cut its target to $47, while Needham reduced its target to $50.
DA Davidson lowered its target to $40 from $45 and kept a Neutral rating. The firm pointed to the lack of major hit games compared with earlier periods.
The mixed analyst actions show a wide range of expectations for Roblox stock. Investors now await signs that user retention can support stronger spending and bookings growth during the next several reporting periods.
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