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 shares are experiencing an uptick following Wells Fargo's decision to increase its price target from $46 to $54.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 7:17 pm

Roblox's teen usage has increased, leading Piper Sandler to raise its price target to $54. Despite a short report from Hindenburg alleging misleading metrics, Roblox denies these claims. RBLX shares rose 3.97% to $42.12. Investors can also access Roblox via BWEB and METV ETFs.

Portfolio Pulse from Lekha Gupta

October 09, 2024 | 5:58 pm

Roblox Corp. (NYSE:RBLX) has denied accusations from Hindenburg Research of inflating user metrics and failing in child safety. Hindenburg claims Roblox inflates daily active users and engagement hours, and fails to protect young users. Roblox refutes these claims, asserting accurate reporting and robust safety measures. Insider stock sales were also highlighted, with $1.7 billion sold since 2021. Roblox's upcoming earnings call on Oct. 31, 2024, will be crucial for addressing these issues.

Portfolio Pulse from Franca Quarneti

October 09, 2024 | 4:48 pm

Wells Fargo analyst Ken Gawrelski has maintained an Overweight rating on Roblox and raised the price target from $46 to $54.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 3:41 pm

Wedbush analyst Nick McKay has reiterated an Outperform rating on Roblox (NYSE:RBLX) and maintained a price target of $49.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 2:01 pm

Piper Sandler analyst Thomas Champion has maintained an Overweight rating on Roblox (NYSE:RBLX) and increased the price target from $48 to $54.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 12:00 pm

U.S. markets closed higher with notable movements in stocks like Palantir, Roblox, Boeing, Robinhood, and Tesla. Palantir surged due to AI potential, Roblox fell on a short report, Boeing dropped after a safety alert, Robinhood rose on strong performance predictions, and Tesla increased ahead of its Robotaxi event.

Portfolio Pulse from Benzinga Neuro

October 09, 2024 | 3:42 am

Roblox (NYSE:RBLX) has seen unusual options activity with a bearish sentiment from big-money investors. The options trades are predominantly puts, indicating a potential price decline. Analysts maintain a Buy rating with a target price around $52, despite the current price drop to $39.76.

Portfolio Pulse from Benzinga Insights

October 08, 2024 | 2:31 pm

Hindenburg Research issued a short report on Roblox Corp, accusing the company of inflating user metrics and compromising child safety. The report led to a 5.82% drop in Roblox's stock price. Concerns were raised about insider stock sales and executive turnover.

Portfolio Pulse from Anusuya Lahiri

October 08, 2024 | 2:17 pm

Roblox has responded to a report by Hindenburg Research, stating that it completely rejects the claims made in the report. Roblox describes the financial claims as misleading.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 1:53 pm

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