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

Wall Street anticipates a weaker opening due to rate concerns and awaits earnings reports and a Fed speech. The SPDR S&P 500 ETF Trust and Invesco QQQ ETF saw premarket declines. Positive contributions from Amgen, Inc. and Boeing Co. helped the Dow Jones Industrial Average, while the Nasdaq Composite and S&P 500 Index closed modestly lower. Analysts highlight risks from reduced personal savings and suggest a cautious investment approach amid uncertain market conditions. Several companies reported earnings, influencing stock movements.

Portfolio Pulse from Shanthi Rexaline

May 09, 2024 | 11:27 am

The Dow Jones rose for the sixth consecutive session amid mixed U.S. stock performance and a slight improvement in market sentiment according to the CNN Money Fear and Greed index. Uber Technologies and Tesla saw significant share price declines due to disappointing financial results and legal scrutiny, respectively. The S&P 500 and Nasdaq Composite experienced minor losses, with certain sectors like utilities and financials outperforming. Investors are looking forward to earnings results from H&R Block, US Foods Holding, and Roblox Corporation.

Portfolio Pulse from Avi Kapoor

May 09, 2024 | 6:36 am

Roblox, Beyond Meat, ZoomInfo Technologies, US Foods Holding, and H&R Block are stocks to watch due to earnings reports and financial results. Roblox is expected to report a quarterly loss, ZoomInfo reported strong Q1 results but weak Q2 guidance, US Foods is anticipated to post earnings, Beyond Meat reported a wider loss than expected, and H&R Block is expected to report earnings.

Portfolio Pulse from Avi Kapoor

May 09, 2024 | 6:18 am

Roblox Corp. (NYSE:RBLX) is set to report its Q1 financial results on May 9, 2024, with analysts expecting bookings of $922.98 million and a loss of 53 cents per share. The company has surpassed bookings estimates in four of the last five quarters and earnings per share estimates in three of the past five quarters. Guidance for Q1 bookings is between $910 million and $940 million, with full-year bookings expected to be between $4.14 billion and $4.28 billion. JPMorgan upgraded Roblox to Overweight, raising the price target to $48, citing consistent bookings growth and potential in advertising, particularly through a partnership with Walmart for virtual e-commerce and efforts to boost video ad sales with PubMatic Inc (NASDAQ:PUBM). Analysts are optimistic, with several issuing Buy ratings and price targets ranging from $50 to $55.

Portfolio Pulse from Chris Katje

May 08, 2024 | 5:47 pm

Today's whale activity in the Communication Services sector highlighted significant options trading across various stocks, indicating bullish or bearish sentiments. Notable trades were observed in META, CHTR, SNAP, CDLX, DJT, BILI, RBLX, GOOGL, TRIP, and GOOG, with varying expiration dates, strike prices, and sentiments. This activity could signal upcoming trading opportunities based on the whales' movements.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 5:35 pm

Earnings reports and a dovish Federal Reserve stance lifted stocks last week, with Apple and Amazon leading the charge. FactSet reports 80% of S&P 500 companies have exceeded earnings expectations. This week, attention turns to Disney, Palantir, Robinhood, and Reddit's debut report. The SPDR S&P 500 ETF Trust and Invesco QQQ Trust saw gains, reflecting positive market sentiment.

Portfolio Pulse from Shanthi Rexaline

May 06, 2024 | 9:25 am

Roblox Corporation (NYSE:RBLX) shares are up after announcing a partnership with Integral Ad Science Holding Corp (NASDAQ:IAS) to expand access to immersive video ads for all advertisers. This move opens monetization opportunities for Roblox creators, with ads being served to users aged 13 and up. Roblox plans to introduce a brand Lift Solution with Kantar Context Lab and aims for full integrations with multiple brand lift partners. Investors can also gain exposure to RBLX through Bitwise Web3 ETF (BWEB) and Roundhill Ball Metaverse ETF (NYSE:METV).

Portfolio Pulse from Nabaparna Bhattacharya

May 01, 2024 | 5:57 pm

Roth MKM analyst Eric Handler has reiterated a Buy rating on Roblox (NYSE:RBLX) and maintained a $55 price target.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 4:05 pm

Walmart and Roblox have partnered to launch a virtual e-commerce experience within Roblox, allowing users to purchase physical goods directly in the game. This pilot test, running through May, enables users aged 13 or older in the U.S. to buy items from a virtual Walmart store and have them shipped to their real-world addresses. The initiative, which does not currently generate revenue for Roblox, aims to explore the potential of selling physical goods on the platform and could lead to Walmart expanding its e-commerce presence within Roblox.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 3:03 pm

Roblox Corp (NYSE:RBLX) shares rose after JPMorgan upgraded the stock to Overweight from Neutral and increased its price target from $41 to $48. The upgrade was based on consistent bookings growth over the past four quarters, with an expectation of $927 million in bookings for Q1, indicating a 20% year-on-year growth. Additionally, Benchmark and Stifel reiterated their Buy ratings with price targets of $50 and $53, respectively. Roblox is expected to report a Q1 loss of 53 cents per share with revenue of $922.967 million. The stock closed up 5.83% at $36.30.

Portfolio Pulse from Erica Kollmann

April 23, 2024 | 8:37 pm

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