Roblox (RBLX) posted better-than-expected 2026 guidance, and management "countered the narrative" that AI will disrupt the outlook, Oppenheimer said Friday in a report.

The company reported Q4 bookings of $2.22 billion, topping estimates, with and daily active users rising 69% from a year earlier, the report said. The 2026 bookings guidance midpoint of $8.4 billion implies 24% growth, Oppenheimer said.

Engagement remained strong, driven by international growth led by the Asia-Pacific region, the report said. Oppenheimer highlighted Roblox's growing technology advantages, pointing to its proprietary data centers that are delivering major efficiency gains in AI safety and moderation.

Oppenheimer raised its price target on Roblox stock to $150 from $130 and maintained its outperform rating.

Roblox shares rose 13% in Friday trading.

Price: 68.69, Change: +8.15, Percent Change: +13.46