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研究快訊:CFRA維持對Roblox公司股票的買進評級

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-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師總結如下:我們將12個月目標價下調39美元至70美元,並採用5.2倍的企業價值/營收倍數(EV/Revenue)對2027年業績進行估值,低於其十年歷史平均倍數7.6倍。我們將2026年虧損預期從1.50美元下調至1.48美元,並將2027年虧損預期從1.48美元下調至1.26美元。全球聊天訪問年齡驗證機制的引入導致用戶互動減少。這項限制影響了已驗證年齡的用戶和未驗證年齡的用戶,因為現在所有用戶都必須驗證年齡才能進行溝通。成年人不再被允許與16歲以下的用戶交流,這進一步限制了不同年齡層用戶之間的互動。 RBLX觀察到應用程式商店評分有所下降,他們認為這導致了通常來自應用程式商店的自然註冊用戶數量的減少。這項變更與年齡驗證和發現演算法更加重視獲利有關。這導致全年財務預期下調,收入和預訂量的預期成長均降低。

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