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

Roblox Corp (NYSE:RBLX) reported a 25% Y/Y increase in Q4 FY23 Bookings to $1.13 billion, surpassing the $1.08 billion consensus. GAAP EPS loss was 52 cents, better than the expected 55 cents loss. Revenue grew 30% Y/Y to $749.9 million. DAUs increased by 22% to 71.5 million, and Hours Engaged rose by 21% to 15.5 billion. CEO David Baszucki expressed confidence in reaching over 1 billion DAUs. Q1 and FY24 bookings forecasts exceed consensus. Following the report, RBLX shares surged 10.2%, and analysts from Needham, Goldman Sachs, and Barclays raised their price targets.

Portfolio Pulse from Avi Kapoor

February 08, 2024 | 11:59 am

Barclays analyst Ross Sandler has upgraded Roblox (NYSE:RBLX) from Underweight to Equal-Weight and increased the price target from $26 to $46.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 11:05 am

Goldman Sachs analyst Eric Sheridan upgraded Roblox (NYSE:RBLX) from Sell to Neutral and increased the price target from $35 to $48.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 10:57 am

Needham analyst Bernie McTernan maintains a Buy rating on Roblox (RBLX) and raises the price target from $51 to $55.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 10:44 am

Wall Street saw a bullish day with the S&P 500 nearing 5,000 points, driven by strong corporate earnings and the dominance of tech giants, despite regional banking concerns. The 'Magnificent Seven' tech companies surpassed a $13 trillion market cap. NYCB faced a decline after credit rating downgrades. Cryptocurrency and major indices also saw movements, with notable stock performances post-earnings reports.

Portfolio Pulse from Piero Cingari

February 07, 2024 | 6:40 pm

Communication Services stocks showed significant movement in Wednesday's intraday session. Loop Media, Criteo, WiMi Hologram Cloud, AirNet Technology, Roblox, and Gogo were among the gainers, with notable increases in their stock prices following earnings reports for some. Conversely, Snap, Asset Entities, E W Scripps, FuboTV, Scienjoy Holding, and Gray Television experienced declines, with Snap's drop following its Q4 earnings report.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 5:31 pm

Chipotle Mexican Grill, Inc. reported better-than-expected fourth-quarter financial results, leading to a 7.7% surge in its shares. Other companies like Aviat Networks, Enphase Energy, Sonos, XPO, Cirrus Logic, Green Plains, Griffon Corporation, REGENXBIO, The AZEK Company, O-I Glass, Frontier Group Holdings, SolarEdge Technologies, Silicon Laboratories, Emerson Electric, Yum China Holdings, Trex Company, The Carlyle Group, Roblox Corporation, IHS Holding, Palantir Technologies, California Resources Corporation, Arcadium Lithium, Palo Alto Networks, Carlisle Companies, Assurant, and Fortinet also reported positive financial results or updates, resulting in significant stock price increases.

Portfolio Pulse from Avi Kapoor

February 07, 2024 | 4:38 pm

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 2:21 pm

Roblox Corp (NYSE:RBLX) stock surged over 11% after reporting Q4 FY23 bookings growth of 25% Y/Y to $1.13 billion, surpassing the consensus of $1.08 billion. The company also beat GAAP EPS loss estimates and reached a 52-week high of $47.65. Revenue grew 30% Y/Y to $749.9 million, with DAUs up 22% and hours engaged increasing by 21%. Roblox expects Q1 bookings between $910 million and $940 million, and FY24 bookings between $4.14 billion and $4.28 billion, both above consensus estimates.

Portfolio Pulse from Anusuya Lahiri

February 07, 2024 | 1:49 pm

Roblox shares are trading higher following the company's announcement of a 25% increase in bookings for Q4.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 1:04 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.