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

Truist Securities analyst Matthew Thornton has reiterated a Hold rating on Roblox Corporation (RBLX), raising the price target to $45 from $42. Thornton believes AI will have a significant impact on RBLX's content creation and cost structure, particularly in Trust & Safety costs. He also expects RBLX to expand to other platforms, with Xbox accounting for at least 2% of RBLX bookings in 2022. Thornton estimates daily user growth of 23%/18%/15% in 2023/2024/2025 and views the forward consensus AEBITDA as too low in the short term.

Portfolio Pulse from Nabaparna Bhattacharya

July 18, 2023 | 6:39 pm

The article reports on the options activity of 10 communication services stocks in today's session. The stocks include Meta Platforms (META), AMC Entertainment (AMC), Activision Blizzard (ATVI), Roblox (RBLX), Netflix (NFLX), Walt Disney (DIS), Alphabet (GOOGL), Baidu (BIDU), Pinterest (PINS), and Dish Network (DISH). The article provides details on the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each stock.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 5:35 pm

Truist Securities analyst Matthew Thornton has maintained a 'Hold' rating on Roblox (NYSE:RBLX) and raised the price target from $42 to $45.

Portfolio Pulse from richadhand@benzinga.com

July 18, 2023 | 2:18 pm

Traders are circulating a note from M Science suggesting that Roblox Corporation is raising its Q2 bookings outlook due to a stronger quarter-end than previously anticipated.

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 1:35 pm

Roblox shares are trading lower as stocks pull back from recent strength.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 7:13 pm

Roblox Corp's online game will soon be available on Meta Platforms' Quest virtual reality headsets. The game will initially arrive as a beta version on Quest 2 and Quest Pro, and will also work on the upcoming Quest 3. Roblox's developer community can now optimize their games for Quest and build new ones for VR. Roblox shares are trading higher by 1.24% premarket.

Portfolio Pulse from Anusuya Lahiri

July 13, 2023 | 11:17 am

Shares of video game-related companies are trading higher following a federal judge's denial of the FTC's request for a preliminary injunction of Microsoft's acquisition of Activision Blizzard.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 5:26 pm

An option alert has been issued for Roblox Corporation (RBLX) for July 21 $50 calls. The sweep is near the ask with 734 @ $0.441 versus an open interest of 11075. The company's earnings report is expected on August 8 after market close. The reference price is $44.96.

Portfolio Pulse from Charles Gross

July 11, 2023 | 3:55 pm

Roblox's (NYSE:RBLX) short percent of float has risen 4.37% since its last report, with 19.46 million shares sold short, which is 5.01% of all regular shares available for trading. It would take traders 2.53 days to cover their short positions on average. The increase in short interest can signal that investors have become more bearish. Roblox's peer group average for short interest as a percentage of float is 3.46%, indicating the company has more short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 1:01 pm

A significant investor has taken a bearish stance on Roblox (NYSE:RBLX), with 63% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $30.0 to $70.0 for Roblox over the last 3 months. The price of RBLX is up 1.17% at $41.63. Canaccord Genuity and Needham have both downgraded their action to Buy with a price target of $48.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 8:17 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.