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

The article highlights unusual options activity for several communication services stocks, indicating potential trading opportunities. Notable mentions include bearish sentiment for META, BIDU, and VZ, while BILI and NFLX show bullish sentiment.

Portfolio Pulse from Benzinga Insights

September 30, 2024 | 5:35 pm

Over the past three months, 15 analysts have shared their insights on Roblox (NYSE:RBLX), with a mix of bullish and indifferent ratings. The average 12-month price target has increased by 7.7% to $46.6. Analysts have adjusted their ratings and price targets, reflecting evolving market conditions and company performance. Despite positive revenue growth, Roblox faces challenges with profitability, return on equity, and debt management.

Portfolio Pulse from Benzinga Insights

September 25, 2024 | 7:00 pm

Citigroup analyst Jason Bazinet maintains a Buy rating on Roblox and raises the price target from $46 to $53.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 6:35 pm

Roblox (NYSE:RBLX) has seen a surge in options activity with equal bullish and bearish trades. The focus is on a price range of $40-$50. Current trading volume is high, but the stock is down 1.25% at $45.72. Analysts have set a price target of $51, with BTIG maintaining a Buy rating.

Portfolio Pulse from Benzinga Insights

September 20, 2024 | 5:47 pm

Cathie Wood's Ark Invest continues to sell shares of Robinhood and Palantir, despite favorable market conditions for Robinhood following a Federal Reserve rate cut. Ark's trades align with its recent pattern of reducing holdings in these companies.

Portfolio Pulse from Benzinga Neuro

September 19, 2024 | 2:28 am

As of September 17, 2024, Travelzoo (TZOO) and Roblox Corp (RBLX) are identified as overbought stocks in the communication services sector, with RSI values above 70. Travelzoo's stock has gained 16% over the past month, while Roblox has gained 13%.

Portfolio Pulse from Avi Kapoor

September 17, 2024 | 12:40 pm

The tech sector faces challenges despite AI buzz, with gaming giants like EA, Roblox, and Microsoft facing accusations of deceiving players. Apple launched the iPhone 16, and Netflix's gaming catalog hit 210M downloads. Qualcomm considers acquiring Intel segments, and Microsoft plans a cybersecurity summit after layoffs.

Portfolio Pulse from Lekha Gupta

September 15, 2024 | 8:03 pm

Epic Games, EA, Roblox, Activision Blizzard, Mojang Studios, Tencent's Supercell, and Ubisoft face accusations from the European Consumer Organisation of deceiving players into overspending on in-game purchases. The complaint calls for urgent action to address deceptive tactics, particularly affecting children.

Portfolio Pulse from Franca Quarneti

September 12, 2024 | 8:33 pm

Top Wall Street analysts have updated their price targets and ratings for several companies, including Starbucks, Pro-Dex, Summit Therapeutics, United States Steel, Costco, LGI Homes, Roblox, JetBlue, Colgate-Palmolive, and Nucor. Notably, BMO Capital raised Starbucks' price target from $100 to $110, maintaining an Outperform rating.

Portfolio Pulse from Avi Kapoor

September 09, 2024 | 1:05 pm

Roblox Corp (NYSE:RBLX) is aiming for 1 billion users by collaborating with major companies like Apple, Alphabet, and Shopify. The company is introducing new tools and revenue-sharing models to attract more game developers. Roblox's stock has risen 53% in the past year.

Portfolio Pulse from Anusuya Lahiri

September 09, 2024 | 12:28 pm

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