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 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

Roblox (NYSE:RBLX) has seen a surge in options activity, with a mix of bullish and bearish trades. Whales have shown a bearish stance, with 50% of trades being bearish. The price range targeted by these trades is $32.5 to $60.0. Analysts have mixed ratings, with price targets ranging from $42 to $56.

Portfolio Pulse from Benzinga Insights

August 22, 2024 | 3:33 pm

The ARK Innovation ETF (ARKK) has underperformed compared to the Invesco QQQ Trust (QQQ) over the past five years. ARKK's focus on disruptive technologies has led to high volatility and lower returns, while QQQ's investment in established tech giants has resulted in consistent gains. ARKK's higher expense ratio and ambitious stock predictions have further hindered its performance.

Portfolio Pulse from Surbhi Jain

August 21, 2024 | 7:42 pm

Roblox's short interest has decreased by 8.39%, with 17.07 million shares sold short, representing 4.37% of its float. This is higher than the peer group average of 3.39%. It would take traders 3.72 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 3:00 pm

The CNBC Halftime Report's final trades include Booz Allen Hamilton, Visa, Schlumberger, and Roblox. These stocks are highlighted for their potential investment opportunities.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 5:00 pm

Shares in the broader communication services sector are trading lower due to concerns over the US economy.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 7:45 pm

Top Wall Street analysts have updated their price targets and ratings for several major companies. Notable changes include Stifel's boost for Zoetis Inc., JP Morgan's increase for IQVIA Holdings Inc., and Wells Fargo's raise for Lennar Corporation. Other significant updates involve Susquehanna's raise for Cloudflare, Inc., Citigroup's cut for Lam Research Corporation, and Goldman Sachs' cut for DraftKings Inc. Additionally, BMO Capital raised Dominion Energy, Inc.'s target, JP Morgan boosted The Home Depot, Inc.'s target, RBC Capital cut Moderna, Inc.'s target, and Macquarie raised Roblox Corporation's target.

Portfolio Pulse from Avi Kapoor

August 05, 2024 | 2:20 pm

Macquarie analyst Aaron Lee maintains an Outperform rating on Roblox (NYSE:RBLX) and raises the price target from $46 to $50.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 9:56 am

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