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

Wedbush analyst Nick McKay has upgraded Roblox (NYSE:RBLX) from Neutral to Outperform and announced a price target of $37.

Portfolio Pulse from richadhand@benzinga.com

August 10, 2023 | 1:38 pm

Roblox shares are trading higher following an upgrade from Morgan Stanley. The firm upgraded the stock from Underweight to Equal-Weight and raised its price target from $26 to $30.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 12:35 pm

Roblox Corp (RBLX) reported Q2 FY23 bookings growth of 22% YoY to $780.7 million, and revenue growth of 15% YoY to $680.8 million, missing the consensus of $784.9 million. The EPS loss of $(0.46) also missed the consensus loss of $(0.45). Following the earnings announcement, Morgan Stanley raised the price target on Roblox from $26 to $30 and upgraded the stock from Underweight to Equal-Weight, while Needham slashed the price target from $48 to $40 but maintained a Buy rating.

Portfolio Pulse from Lisa Levin

August 10, 2023 | 11:13 am

Needham analyst Bernie McTernan has maintained a 'Buy' rating on Roblox (NYSE:RBLX), but lowered the price target from $48 to $40.

Portfolio Pulse from richadhand@benzinga.com

August 10, 2023 | 11:06 am

Morgan Stanley analyst Matthew Cost has upgraded Roblox (NYSE:RBLX) from Underweight to Equal-Weight and raised the price target from $26 to $30.

Portfolio Pulse from richadhand@benzinga.com

August 10, 2023 | 9:21 am

Investor sentiment in the US has declined ahead of fresh inflation data, with US stocks closing lower on Wednesday. PENN Entertainment shares gained over 9% after reporting better-than-expected Q2 results and announcing an exclusive US online sports betting agreement with ESPN. Roblox Corporation shares dipped around 22% after reporting worse-than-expected Q2 results. Investors are awaiting earnings results from US Foods Holding Corp., Alibaba Group Holding Limited, and News Corporation.

Portfolio Pulse from Lisa Levin

August 10, 2023 | 6:15 am

Ark Invest, led by Cathie Wood, purchased shares of Roblox Corp (RBLX) following its recent quarterly earnings report. The purchase was made through ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and Ark Fintech Innovation ETF (ARKF). Despite a 22% YoY growth in Q2 FY23 Bookings, Roblox's revenue missed the consensus by over $100 million. Ark Invest also bought shares of Palantir Technologies (PLTR) and sold shares of NVIDIA Corp (NVDA) and ROKU Inc (ROKU).

Portfolio Pulse from Benzinga Neuro

August 10, 2023 | 3:11 am

U.S. stocks ended the day in the red, with the Dow Jones, NASDAQ, and S&P 500 all experiencing declines. The stocks that gained the attention of retail traders and investors throughout the day were The Walt Disney Company, Plug Power Inc, Alibaba Group Holding Limited, Tesla Inc, and Roblox Corp. Disney's stock declined by 0.73%, Plug Power's stock decreased by 1.47%, Alibaba's stock rose by 0.67%, Tesla's stock dropped by 3.01%, and Roblox's stock plummeted by 21.90%.

Portfolio Pulse from Benzinga Neuro

August 10, 2023 | 2:19 am

The article lists the stocks that gained and lost the most in Wednesday's trading session. Among the gainers, Tango Therapeutics, Decibel Therapeutics, and Benitec Biopharma saw significant increases due to recent positive financial results and acquisition news. Among the losers, Palisade Bio, Tigo Energy, and Nxu saw significant decreases due to disappointing financial results and negative news.

Portfolio Pulse from Lisa Levin

August 09, 2023 | 7:17 pm

Benzinga's options activity scanner has identified significant trading activity in 10 communication services stocks. The stocks include AMC, GOOG, META, RBLX, CMCSA, DISH, NFLX, PINS, TTWO, and TTD. The options activity ranges from bullish to bearish and neutral sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 5:35 pm

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