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

Ark Invest, led by Cathie Wood, has seen a significant downturn, with assets under management dropping from $59 billion to $11.1 billion due to high interest rates and investor outflows. The ARK Innovation ETF (ARKK) experienced over $1.3 billion in outflows in 2024. Despite positive returns from Coinbase (COIN) and Robinhood (HOOD), other top holdings underperformed. AXS Investments launched ETFs (SARK, TARK) that short ARKK, seeing substantial returns and increased trading activity following the Silicon Valley Bank fallout.

Portfolio Pulse from Piero Cingari

April 23, 2024 | 5:20 pm

JPMorgan analyst Cory Carpenter upgraded Roblox Corp (NYSE:RBLX) from Neutral to Overweight and raised the price target from $41 to $48, citing over 20% bookings growth in the past four quarters and a positive trend in March. The company aims for 100 to 300 basis points of annual margin expansion over the next three to five years. Roblox's shares were up 5.06% to $36.70 following the upgrade.

Portfolio Pulse from Priya Nigam

April 23, 2024 | 3:11 pm

Benchmark analyst Mike Hickey reiterates a Buy rating on Roblox (NYSE:RBLX) and maintains a $50 price target.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 1:25 pm

Top Wall Street analysts have updated their price targets and ratings for several US-listed companies, including notable changes for Impinj, Intel, Chewy, Vertex, Marriott International, Amazon, Simpson Manufacturing, Church & Dwight, Zions Bancorporation, and Roblox. These adjustments reflect the analysts' latest views on these stocks, with implications for their short-term price movements.

Portfolio Pulse from Avi Kapoor

April 23, 2024 | 12:37 pm

Roblox shares surged following an upgrade by JP Morgan from Neutral to Overweight, with a price target increase from $41 to $48.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 12:30 pm

Analysts have varied opinions on Roblox (NYSE:RBLX), with recent ratings ranging from bullish to bearish. Over the past three months, 10 analysts provided insights, showing a trend towards more bullish sentiments. The average 12-month price target is $51.9, reflecting a 20% increase from the previous target of $43.25. Roblox's financial performance shows significant revenue growth but challenges in profitability and debt management. The company's market capitalization is above industry average, indicating strong investor confidence despite its high debt-to-equity ratio and below-average net margin and ROE.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 12:01 pm

JP Morgan analyst Cory Carpenter upgrades Roblox (NYSE:RBLX) from Neutral to Overweight and raises the price target from $41 to $48.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 11:48 am

Stifel analyst Drew Crum has maintained a Buy rating on Roblox (RBLX) with a maintained price target of $53.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 5:41 pm

Today's session highlighted significant options activity in the Communication Services sector, with notable trades on DJT, META, NFLX, PARA, DIS, SNAP, ROKU, GOOGL, and RBLX. The activity ranged from neutral to bullish and bearish sentiments, involving both put and call options with varying expiration dates and strike prices. This options activity could indicate market expectations and potential movements for these stocks.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 5:35 pm

Benzinga's Stock Whisper Index highlights five stocks: Rent the Runway (RENT), Rallybio Corp (RLYB), Constellation Energy Corp (CEG), Roblox Corp (RBLX), and Chipotle Mexican Grill (CMG). RENT's stock soared with positive Q4 results and guidance. RLYB shares jumped after a development agreement with Johnson & Johnson (JNJ). CEG's stock is up 148% over the past year, with strong Q4 results. RBLX is gaining interest ahead of Q1 results, partly due to a new advertising strategy with PubMatic Inc (PUBM). CMG's stock is near all-time highs, with a proposed 50-for-1 stock split.

Portfolio Pulse from Chris Katje

April 12, 2024 | 3:26 pm

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