Roblox Corporation（RBLX）今日盘中大涨5.22%，引起了市场的广泛关注。
消息面上，中金公司发布研究报告，维持Roblox Corp-A“跑赢行业”评级，目标价90美元。报告指出，公司2025年第四季度订阅收入及EBITDA同比分别大增63.2%和83.1%，业绩超出市场预期，主要得益于平台生态持续优化带动用户增长与经营杠杆释放。同时，公司给出的2026年正式业绩指引显著优于市场预期，订阅收入中点预计增长24%，EBITDA利润率达到24.8%。
中金公司认为，Roblox当前估值处于低位，下调后的目标价90美元对应2026/2027年约8/7倍市销率（P/Bookings），相较当前股价仍有约48.6%的上行空间。这份积极的评级报告提振了投资者信心，成为推动股价在交易时段内显著上涨的重要催化剂。
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