Roblox (NYSE:RBLX) Price Target Raised to $160.00 at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has raised its target price for Roblox from $150.00 to $160.00, reflecting an estimated upside of 18.31% from the current price.
• Roblox's latest earnings report showed a 50.5% increase in revenue year-over-year, although it missed the earnings per share estimate by $0.04, reporting ($0.41) EPS.
• A majority of investment analysts, with 20 giving a "Buy" rating, have indicated strong support for Roblox's stock, which presently has an average target price of $124.56.

Roblox (NYSE:RBLX - Get Free Report) had its target price upped by analysts at JPMorgan Chase & Co. from $150.00 to $160.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 18.31% from the company's current price.

RBLX has been the subject of several other research reports. Needham & Company LLC raised their price target on shares of Roblox from $79.00 to $159.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Benchmark raised their price target on shares of Roblox from $77.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, August 1st. BTIG Research raised their price target on shares of Roblox from $159.00 to $173.00 and gave the company a "buy" rating in a research report on Tuesday, September 9th. Wells Fargo & Company raised their price target on shares of Roblox from $116.00 to $153.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, Piper Sandler raised their price target on shares of Roblox from $105.00 to $138.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Twenty investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Roblox presently has an average rating of "Moderate Buy" and a consensus target price of $124.56.

Roblox Stock Performance

NYSE:RBLX opened at $135.24 on Monday. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market capitalization of $87.23 billion, a P/E ratio of -94.57 and a beta of 1.62. The company has a 50 day moving average price of $125.89 and a 200 day moving average price of $93.99. Roblox has a fifty-two week low of $37.50 and a fifty-two week high of $150.59.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.04). Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The business had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.20 billion. During the same period in the prior year, the business earned ($0.32) EPS. The business's quarterly revenue was up 50.5% on a year-over-year basis. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts forecast that Roblox will post -1.49 EPS for the current year.

Insiders Place Their Bets

In related news, CEO David Baszucki sold 875 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $126.72, for a total transaction of $110,880.00. Following the transaction, the chief executive officer owned 211,559 shares of the company's stock, valued at $26,808,756.48. This trade represents a 0.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Amy Marie Rawlings sold 6,567 shares of the firm's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total value of $773,001.57. Following the transaction, the chief accounting officer directly owned 46,866 shares in the company, valued at approximately $5,516,596.86. This represents a 12.29% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 822,938 shares of company stock valued at $92,998,426. 12.92% of the stock is owned by insiders.

Hedge Funds Weigh In On Roblox

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. V. M. Manning & CO. Inc. purchased a new position in shares of Roblox during the second quarter worth about $1,315,000. American Trust purchased a new position in shares of Roblox during the second quarter worth about $557,000. Total Investment Management Inc. purchased a new position in shares of Roblox during the second quarter worth about $29,000. Centaurus Financial Inc. acquired a new position in shares of Roblox during the second quarter worth about $105,000. Finally, China Universal Asset Management Co. Ltd. acquired a new position in shares of Roblox during the second quarter worth about $1,736,000. Hedge funds and other institutional investors own 94.46% of the company's stock.

About Roblox

Roblox Corporation develops and operates an online entertainment platform in the United States and internationally. It 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 experience; and Roblox Cloud, which provides services and infrastructure that power the platform.

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