Analyst Note| Neil Macker, CFA |
Roblox presented a comprehensive plan to expand engagement and monetization via improved innovation and execution at its 2022 investor day. While management did not disclose anything groundbreaking, we did find the presentation compelling. However, the strategy still depends on not only execution, but also the firm’s ability to increase the age demographic of its users while also still growing the user base. We are maintaining our $75 fair value estimate and view the current stock price as an attractive entry point.