Streetbeat News

RBLX

Roblox Corporation

https://corp.roblox.com

Industry

Electronic Gaming & Multimedia

Roblox Corporation develops and operates an online entertainment platform. The company offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform. It serves customers in the United States, the United Kingdom, Canada, Europe, China, the Asia-Pacific, and internationally. The company was incorporated in 2004 and is headquartered in San Mateo, California.

Open

52.50

Mkt cap

33B

Volume

9.1M

High

52.53

P/E Ratio

-31.12

52-wk high

55.10

Low

50.68

Div yield

N/A

52-wk low

29.55

e.l.f. Beauty Inc (NYSE:ELF) is expanding its partnership with Roblox Corp (NYSE:RBLX) to test real-world commerce on the platform, powered by Walmart Inc (NYSE:WMT). This initiative includes a virtual kiosk where users can purchase physical products and supports e.l.f.'s mission of accessible beauty. e.l.f. is also donating $50,000 to the Humane Society of the United States.

Portfolio Pulse from Shivani Kumaresan

July 01, 2024 | 11:26 am

E.l.f. (NYSE:ELF) is expanding its collaboration with Roblox (NYSE:RBLX) by launching real-world commerce on the platform, making it the first beauty brand to do so. This initiative includes a virtual kiosk where users can purchase a limited-edition physical product and a $50,000 donation to the Humane Society of the United States.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 7:03 am

Six Flags Entertainment has launched a metaverse experience on Roblox, offering virtual roller coasters, Fright Fest mazes, and games. Users can collect Coastercoin for rewards at physical parks, blending virtual and physical worlds. This marks a major milestone in Six Flags' digital transformation.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 2:01 pm

Walmart is expanding its digital marketing efforts by leveraging popular platforms TikTok and Roblox. This move aims to engage younger audiences and enhance brand visibility.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 7:00 pm

Microsoft is undergoing a significant change in its Xbox marketing team as key executive Jerret West departs to join Roblox. This move could impact both companies' marketing strategies and investor perceptions.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 5:44 pm

Macquarie initiates coverage on Roblox (NYSE:RBLX) with an Outperform rating and sets a price target of $46.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 12:27 pm

Walmart Inc (NYSE:WMT) is relaunching its 'No Boundaries' fashion line to attract Gen Z customers, with a focus on modern design and affordability. The collection will launch on July 16th and feature 130 new items, including eco-friendly innovations. Walmart has also partnered with Roblox Corp (NYSE:RBLX) to offer virtual outfits. Walmart stock has gained over 27% in the last 12 months.

Portfolio Pulse from Shivani Kumaresan

June 14, 2024 | 11:50 am

Walmart has announced a collaboration with a Roblox creator to curate the No Boundaries outfits selection in July.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 6:12 pm

19 analysts have shared their evaluations of Roblox (NYSE:RBLX) over the past three months, showing a mix of bullish and bearish perspectives. The average 12-month price target is $42.58, with a high of $56.00 and a low of $26.00. Recent analyst actions include both raises and lowers in ratings and price targets, reflecting changing market conditions and company performance.

Portfolio Pulse from Benzinga Insights

June 13, 2024 | 4:00 pm

Wells Fargo analyst Ken Gawrelski maintains an Overweight rating on Roblox (NYSE:RBLX) and raises the price target from $37 to $41.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 3:51 pm

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