Get deeper insights into Roblox's valuation and 13 additional key metrics with InvestingPro. In other recent news, Roblox Corp. has garnered attention with its latest financial and strategic developments. Macquarie has raised its price target for Roblox to $80, citing the company's robust first-quarter performance, which included a 31% increase in revenue and a 26% rise in daily active users. Similarly, Canaccord Genuity increased its price target to $84, maintaining a Buy rating due to strong results in daily active users, bookings, and profitability. The company's strategic initiatives, such as enhancements to search and discovery and new pricing tools, have contributed to increased engagement and revenue growth. Deutsche Bank (ETR: DBKGn ) reiterated its Buy rating with a $78 target, following the launch of Roblox's Rewarded Video Ads in partnership with Google (NASDAQ: GOOGL ).