Roblox (NYSE:RBLX) Price Target Raised to $180.00 at BTIG Research

Key Points

• BTIG Research has raised its price target for Roblox (NYSE:RBLX) from $173.00 to $180.00, indicating a potential upside of 30.01% from the company's previous close, while maintaining a "buy" rating on the stock.
• Other analysts have also increased their price targets, with Barclays raising it to $120.00 and both Citigroup and Wells Fargo setting their targets at $155.00.
• Roblox's stock has demonstrated significant volatility, trading between a 52-week low of $39.30 and a high of $150.59, and has a current market capitalization of $89.31 billion.

Roblox (NYSE:RBLX - Get Free Report) had its target price hoisted by research analysts at BTIG Research from $173.00 to $180.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. BTIG Research's target price points to a potential upside of 30.01% from the company's previous close.

A number of other equities analysts have also recently commented on the company. Barclays boosted their price target on Roblox from $62.00 to $120.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. Citigroup lifted their target price on Roblox from $152.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, October 8th. Wells Fargo & Company lifted their target price on Roblox from $153.00 to $155.00 and gave the stock an "overweight" rating in a report on Friday, October 3rd. Bank of America lifted their target price on Roblox from $159.00 to $171.00 and gave the stock a "buy" rating in a report on Monday, September 8th. Finally, Oppenheimer reissued an "outperform" rating and issued a $125.00 price objective (up from $80.00) on shares of Roblox in a research note on Wednesday, June 18th. Twenty investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $128.58.

Roblox Price Performance

Roblox stock opened at $138.45 on Thursday. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.97 and a current ratio of 0.97. Roblox has a 52 week low of $39.30 and a 52 week high of $150.59. The stock has a market capitalization of $89.31 billion, a P/E ratio of -96.82 and a beta of 1.63. The stock has a fifty day moving average of $129.13 and a 200-day moving average of $102.65.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported ($0.41) EPS for the quarter, missing analysts' consensus estimates of ($0.37) by ($0.04). Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%.The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the firm posted ($0.32) EPS. Roblox'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. On average, sell-side analysts expect that Roblox will post -1.49 earnings per share for the current fiscal year.

Insider Activity

In other Roblox news, insider Matthew D. Kaufman sold 6,000 shares of the firm's stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $135.02, for a total transaction of $810,120.00. Following the sale, the insider owned 272,642 shares in the company, valued at $36,812,122.84. This trade represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Arvind Chakravarthy sold 20,552 shares of the firm's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total value of $2,419,175.92. Following the sale, the insider owned 242,469 shares in the company, valued at $28,541,025.99. The trade was a 7.81% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 366,876 shares of company stock valued at $47,485,929. 12.92% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Roblox by 2.6% in the second quarter. Vanguard Group Inc. now owns 59,153,925 shares of the company's stock worth $6,222,993,000 after buying an additional 1,513,608 shares during the period. Ieq Capital LLC increased its holdings in Roblox by 13.8% during the 1st quarter. Ieq Capital LLC now owns 18,889,973 shares of the company's stock valued at $1,101,097,000 after purchasing an additional 2,297,350 shares during the period. State Street Corp increased its holdings in Roblox by 6.3% during the 2nd quarter. State Street Corp now owns 12,043,269 shares of the company's stock valued at $1,266,952,000 after purchasing an additional 708,838 shares during the period. Geode Capital Management LLC boosted its position in Roblox by 9.1% during the 2nd quarter. Geode Capital Management LLC now owns 10,039,983 shares of the company's stock valued at $1,053,257,000 after acquiring an additional 834,230 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in Roblox by 3.0% during the 2nd quarter. AQR Capital Management LLC now owns 9,032,411 shares of the company's stock valued at $948,222,000 after acquiring an additional 261,984 shares in the last quarter. 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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