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

52.88

Mkt cap

35B

Volume

4.3M

High

53.60

P/E Ratio

-32.74

52-wk high

53.60

Low

51.85

Div yield

N/A

52-wk low

29.55

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

Roblox (NYSE:RBLX) has received mixed analyst ratings over the past three months, with a recent increase in average price targets. Analysts have raised their ratings and price targets, reflecting a positive sentiment shift. Despite strong revenue growth, Roblox faces challenges with profitability, ROE, ROA, and high debt levels.

Portfolio Pulse from Benzinga Insights

September 09, 2024 | 12:01 pm

BTIG analyst Clark Lampen maintains a Buy rating on Roblox (NYSE:RBLX) and raises the price target from $47 to $51.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 11:26 am

The article highlights unusual options activity for several communication services stocks, indicating potential trading opportunities. Notable movements include bearish sentiment for META, RBLX, ASTS, CMCSA, PARA, TTWO, VZ, and DIS, while GOOGL and SIRI show bullish sentiment.

Portfolio Pulse from Benzinga Insights

September 06, 2024 | 5:35 pm

Roblox has announced that it will increase the revenue share for developers of paid access experiences, allowing up to 70% of the revenue to go to the developers. This move is likely aimed at attracting more developers to the platform and enhancing the quality of content available to users.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 5:32 pm

Roblox is introducing a new feature that allows developers to price paid access experiences in real currency on desktop platforms. This move could potentially increase revenue streams for developers and enhance the platform's monetization capabilities.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 5:31 pm

Roblox has announced a partnership with Shopify and plans to integrate with various e-commerce platforms, as revealed at the Developers Conference.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 5:29 pm

Roblox announced that starting early next year, creators will be able to sell physical merchandise directly from their experiences on the platform. This move could enhance monetization opportunities for developers and increase user engagement.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 5:29 pm

Roblox has paid over $800 million to its creator community in the past year and aims to capture 10% of the global gaming market. The company envisions achieving 10% of gaming content revenue with approximately 300 million daily active users.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 5:14 pm

The article lists the top 10 trending stocks on WallStreetBets as of August 23, 2024, according to Swaggy Stocks. The stocks mentioned are NVDA, WAY, MADE, TLRY, RBLX, RKLB, LUNR, QQQ, LOT, and ASTS.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 1:17 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.