Roblox (RBLX) Stock Forecast, Price & News

24 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Roblox in the last year. There are currently 7 sell ratings, 4 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" RBLX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RBLX, but not buy additional shares or sell existing shares.
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24 Wall Street research analysts have issued twelve-month price targets for Roblox's shares. Their RBLX share price forecasts range from $19.00 to $60.00. On average, they predict the company's share price to reach $40.48 in the next twelve months. This suggests a possible upside of 37.4% from the stock's current price.
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Roblox's stock was trading at $28.46 at the start of the year. Since then, RBLX shares have increased by 3.5% and is now trading at $29.46.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 9th 2023.
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Roblox Co. (NYSE:RBLX) posted its quarterly earnings results on Wednesday, February, 15th. The company reported ($0.48) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.55) by $0.07. The firm earned $899.40 million during the quarter, compared to the consensus estimate of $884.71 million. Roblox had a negative net margin of 44.06% and a negative trailing twelve-month return on equity of 270.57%. The firm's revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.25) EPS.

ETFs with the largest weight of Roblox (NYSE:RBLX) stock in their portfolio include Roundhill Ball Metaverse ETF (METV), Roundhill Video Games ETF (NERD), Global X Video Games & Esports ETF (HERO), Global X Metaverse ETF (VR), Invesco Dynamic Software ETF (PSJ), VanEck Video Gaming and eSports ETF (ESPO), iShares Future Metaverse Tech and Communications ETF (IVRS) and ProShares On-Demand ETF (OND).

144 employees have rated Roblox Chief Executive Officer David Baszucki on Glassdoor.com. David Baszucki has an approval rating of 98% among the company's employees. This puts David Baszucki in the top 20% of approval ratings compared to other CEOs of publicly-traded companies. 79.0% of employees surveyed would recommend working at Roblox to a friend.

(RBLX) raised $0 in an initial public offering on Wednesday, March 10th 2021. The company issued 198,900,000 shares at $0.00 per share. Goldman Sachs and Morgan Stanley served as the underwriters for the IPO.

Roblox trades on the New York Stock Exchange (NYSE) under the ticker symbol "RBLX."

Roblox's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (5.09%), ARK Investment Management LLC (1.66%), Sumitomo Mitsui Trust Holdings Inc. (1.21%), Jennison Associates LLC (0.78%), Ieq Capital LLC (0.63%) and Bank of New York Mellon Corp (0.29%). Insiders that own company stock include Altos Ventures Management Inc, Amy Marie Rawlings, Barbara Messing, Brett Tolley, Christopher Carvalho, Craig Donato, Daniel Sturman, David Baszucki, Gary Hromadko, Gregory Baszucki, Gregory P Merk, Han Kim, Hybrid 2 LP Altos, Manuel Bronstein, Mark Reinstra and Michael Guthrie.
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Shares of RBLX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RBLX stock can currently be purchased for approximately $29.46.

Roblox (NYSE:RBLX) has a market capitalization of $16.51 billion and generates $2.23 billion in revenue each year. The company earns $-924,370,000.00 in net income (profit) each year or ($1.72) on an earnings per share basis.

The company employs 2,128 workers across the globe.

Roblox's mailing address is 970 PARK PLACE, SAN MATEO CA, 94403. The official website for the company is corp.roblox.com. The company can be reached via phone at 888-858-2569 or via email at ir@roblox.com.