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

Financial analysis of Roblox (NYSE:RBLX) reveals a bearish sentiment among whales, with 75% of unusual trades showing bearish tendencies. Options trading indicates a targeted price range of $20.0 to $47.5. Notable options activity includes both bearish calls and a bullish put. Roblox, an online video game platform, is currently trading at $42.0, down by -0.97%. Market experts have issued ratings with a consensus target price of $50.0, showing a mix of upgrades and downgrades.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 6:01 pm

Today's session highlighted significant options activity for 10 communication services stocks, indicating potential trading opportunities based on whale alerts. These alerts track large transactions and can signal shifts in market sentiment. The stocks involved include WBD, FYBR, GOOG, LBRDK, TME, EDR, ROKU, RBLX, VZ, and TTWO, with various sentiments ranging from bullish to bearish, and neutral positions. The activity involves both call and put options with varying expiration dates, strike prices, and total trade prices.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 5:35 pm

Goldman Sachs' Hedge Fund Trend Monitor reveals a significant concentration in hedge funds towards the 'Magnificent Seven' stocks, excluding Tesla. Health Care has become the most overweighted sector, with Eli Lilly (LLY) entering the top 20 holdings. Hedge funds are diversifying into cyclical industries and communication services, with APi Group (APG), General Electric (GE), and Union Pacific (UNP) joining the 'VIP list'. Conversely, Microsoft (MSFT), Apple (AAPL), and NVIDIA (NVDA) saw the largest net decreases in hedge fund popularity.

Portfolio Pulse from Piero Cingari

February 21, 2024 | 5:02 pm

Roblox's (NYSE:RBLX) short interest has decreased by 12.7%, now standing at 17.10 million shares or 4.26% of its float. This decline in short interest could indicate a more bullish sentiment among investors. Despite this, it's not a direct predictor of stock price movement. Roblox has a higher short interest compared to its peer group average of 3.81%, suggesting more bearish sentiment relative to its peers.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 2:45 pm

High-rolling investors have shown a bullish sentiment on Roblox (NYSE:RBLX), with options data revealing 62% bullish and 37% bearish positions. The significant trading activity, including 7 calls and 1 put, suggests expectations for RBLX's price to reach between $37.5 and $60.0 in the next three months. Market experts have issued ratings with a consensus target price of $49.8, while the current price of RBLX is $42.4. The options trading patterns and expert analysis indicate a positive outlook for Roblox's stock in the short term.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 7:30 pm

Goldman Sachs analyst Eric Sheridan has maintained a Neutral rating on Roblox (NYSE:RBLX) and increased the price target from $35 to $48.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 3:42 pm

BMO Capital analyst Brian Pitz has maintained an Outperform rating on Roblox (NYSE:RBLX) and increased the price target from $55 to $57.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 6:47 pm

Roblox Corp (NYSE:RBLX) shares rose in premarket trading after reporting strong Q4 results, surpassing consensus estimates with bookings and adjusted EBITDA growth. Analysts from Roth Capital, Needham, Oppenheimer, and Goldman Sachs provided insights, with price target adjustments reflecting optimism about Roblox's user growth, monetization, and international expansion.

Portfolio Pulse from Priya Nigam

February 08, 2024 | 4:17 pm

Top Wall Street analysts have updated their price targets and ratings for several US-listed companies, including Emerson Electric, Paycom Software, Roblox Corporation, The Walt Disney Company, IDEX Corporation, Methanex Corporation, Ally Financial, Spirit AeroSystems Holdings, Criteo S.A., and Discover Financial Services. These updates reflect analysts' optimism or neutrality towards these stocks, with specific price target adjustments and rating changes indicating expected stock performance.

Portfolio Pulse from Avi Kapoor

February 08, 2024 | 2:19 pm

Roth MKM analyst Eric Handler has maintained a Buy rating on Roblox (RBLX) and increased the price target from $50 to $55.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 2:03 pm

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