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NYSE:RBLX

Roblox (RBLX) Stock Forecast, Price & News

$27.00
+0.86 (+3.29%)
(As of 09/26/2023 ET)
Compare
Today's Range
$25.98
$27.03
50-Day Range
$25.31
$45.55
52-Week Range
$24.88
$47.67
Volume
9.25 million shs
Average Volume
10.98 million shs
Market Capitalization
$15.30 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$38.36

Roblox MarketRank™ Forecast

Analyst Rating
Hold
2.41 Rating Score
Upside/​Downside
42.0% Upside
$38.36 Price Target
Short Interest
Healthy
3.70% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.74mentions of Roblox in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$31.69 M Sold Last Quarter
Proj. Earnings Growth
Decreasing
From ($1.91) to ($1.95) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.71 out of 5 stars

Consumer Discretionary Sector

62nd out of 271 stocks

Prepackaged Software Industry

26th out of 206 stocks


RBLX stock logo

About Roblox (NYSE:RBLX) Stock

Roblox Corporation is an American video game developer and platform that was founded in 2004 by David Baszucki and Erik Cassel. Headquartered in San Mateo, California, the company is best known for its creation, Roblox, which officially launched in 2006. Roblox is an online platform that allows users to create and play games developed by other users. It has become immensely popular among younger audiences and has grown into a global gaming phenomenon.

The history of Roblox Corporation dates back to its co-founder, David Baszucki's, previous venture, Knowledge Revolution, an educational software company. The foundation of Roblox Corporation was laid when Baszucki and Cassel started working on the video game DynaBlocks in 2004, which later evolved into Roblox. The company has come a long way since its inception and has achieved significant milestones in the gaming industry.

Roblox's mission is to unite people through play, enabling millions of users to immerse themselves in virtual worlds and interactive experiences. The platform encourages creativity, allowing users to create games and virtual spaces using the Roblox Studio, a powerful game development tool.

The company primarily operates Roblox as a platform where developers can design and publish their games and experiences. Roblox provides a revenue-sharing model, allowing developers to monetize their creations through virtual in-game purchases. These purchases are made using the platform's virtual currency, Robux, which can be purchased with real money.

Roblox's target market primarily includes a wide range of audiences, but it has gained immense popularity among younger players and teenagers. The platform's user-friendly nature and a vast library of user-generated games appeal to individuals who enjoy exploring virtual worlds and engaging in social experiences.

An experienced and visionary management team leads Roblox Corporation. Founder, President, Chief Executive Officer, and Chairman David Baszucki is at the helm. Baszucki brings decades of experience in the technology and gaming industry, and his leadership has been instrumental in Roblox's growth and success. Michael Guthrie is the Chief Financial Officer, overseeing the company's financial strategies and operations. 

Roblox Corporation's financial data indicates some challenges. The company reported revenue that was an increase from the previous year. However, operating expenses significantly rose during the same time resulting in a net income loss of nearly a billion dollars, representing a sharp decline from previous years. The net profit margin for the year was around -40%. The decline in net income impacted investor sentiment. Investors closely monitor a company's profitability, and a negative net income could raise concerns about the company's financial health and future growth prospects. This could be reflected in the stock price performance. 

Roblox operates in the prepackaged software industry and has carved out a unique position as an online gaming platform that fosters user-generated content. The company's competitive advantage lies in its vast user base, innovative game development tools, and the creative freedom it offers developers.

Roblox Corporation's growth opportunities are tied to the ever-expanding gaming industry. The platform attracts millions of developers and players worldwide, presenting opportunities for continuous user engagement and game development. Expanding into new markets and partnerships with popular brands can fuel further growth.

Like any company, Roblox Corporation faces risks and challenges. The negative net income and increasing operating expenses indicate financial challenges that must be addressed. Moreover, competition in the gaming industry is intense and maintaining users' interest requires continuous innovation. Additionally, regulatory and legal issues related to user-generated content may pose challenges for the company.

RBLX Price History

RBLX Stock News Headlines

Virtual Riches: 3 Stocks Leading the VR Revolution
Investors who are seeking exposure to the VR wave should examine three stocks that have established their unique foothold in the industry: META, U, and RBLX
Unlock the treasure on Mount Olympus with this little-known mining stock.
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Roblox: Numbers Do Not Paint The Whole Picture
3 Fantastic Reasons to Buy Roblox Stock Before 2024
Jason Kilar Joins Roblox’s Board of Directors
Jason Kilar Joins Roblox's Board of Directors
Roblox Unusual Options Activity For September 14
Unlock the treasure on Mount Olympus with this little-known mining stock.
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Where Will Roblox Stock Be in 3 Years?
Roblox: Levelling Up With Technology
Roblox (RBLX) Gets a Hold from Morgan Stanley
Why Roblox Stock Fell 28% Last Month
Better Buy: Zoom vs. Roblox Stock
1 Catalyst for Roblox Stock Investors in 2023 (and Beyond)
20 Most Popular Roblox Games in 2023
Roblox Is Not Just for Kids Anymore
See More Headlines
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RBLX Company Calendar

Last Earnings
8/09/2023
Today
9/26/2023
Next Earnings (Estimated)
11/08/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
2,128
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$38.36
High Stock Price Forecast
$60.00
Low Stock Price Forecast
$19.00
Forecasted Upside/Downside
+43.5%
Consensus Rating
Hold
Rating Score (0-4)
2.41
Research Coverage
22 Analysts

Profitability

Net Income
$-924,370,000.00
Pretax Margin
-47.07%

Debt

Sales & Book Value

Annual Sales
$2.23 billion
Book Value
$0.50 per share

Miscellaneous

Free Float
409,883,000
Market Cap
$15.15 billion
Optionable
Not Optionable
Beta
1.69
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Key Executives

  • Mr. David BaszuckiMr. David Baszucki (Age 58)
    Founder, Pres, CEO & Chairman
    Comp: $1.14M
  • Mr. Michael GuthrieMr. Michael Guthrie (Age 58)
    Chief Financial Officer
    Comp: $625k
  • Mr. Daniel Sturman Ph.D.Mr. Daniel Sturman Ph.D. (Age 53)
    Chief Technology Officer
    Comp: $637.2k
  • Mr. Mark L. ReinstraMr. Mark L. Reinstra (Age 57)
    Gen. Counsel & Corp. Sec.
    Comp: $637.2k
  • Ms. Barbara H. MessingMs. Barbara H. Messing (Age 51)
    Chief Marketing & Communications Officer
    Comp: $637.2k
  • Ms. Amy Marie Rawlings (Age 39)
    Chief Accounting Officer
  • Dr. Morgan McGuire
    VP & Chief Scientist
  • Ms. Anna Yen
    Head of Investor Relations
  • Mr. Arvind KC
    Chief People & Systems Officer
  • Mr. Craig DonatoMr. Craig Donato (Age 57)
    Chief Bus. Officer













RBLX Stock - Frequently Asked Questions

Should I buy or sell Roblox stock right now?

22 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Roblox in the last year. There are currently 4 sell ratings, 5 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street 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.
View RBLX analyst ratings
or view top-rated stocks.

What is Roblox's stock price forecast for 2023?

22 brokerages have issued 1 year price targets for Roblox's shares. Their RBLX share price forecasts range from $19.00 to $60.00. On average, they expect the company's stock price to reach $38.36 in the next twelve months. This suggests a possible upside of 43.5% from the stock's current price.
View analysts price targets for RBLX
or view top-rated stocks among Wall Street analysts.

How have RBLX shares performed in 2023?

Roblox's stock was trading at $28.46 at the start of the year. Since then, RBLX stock has decreased by 6.1% and is now trading at $26.73.
View the best growth stocks for 2023 here
.

Are investors shorting Roblox?

Roblox saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 17,050,000 shares, a drop of 19.5% from the August 15th total of 21,180,000 shares. Based on an average daily trading volume, of 10,120,000 shares, the days-to-cover ratio is presently 1.7 days. Currently, 3.7% of the shares of the stock are sold short.
View Roblox's Short Interest
.

When is Roblox's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our RBLX earnings forecast
.

How were Roblox's earnings last quarter?

Roblox Co. (NYSE:RBLX) announced its quarterly earnings data on Wednesday, August, 9th. The company reported ($0.46) EPS for the quarter, meeting analysts' consensus estimates of ($0.46). The firm earned $780.69 million during the quarter, compared to analyst estimates of $784.99 million. Roblox had a negative net margin of 46.81% and a negative trailing twelve-month return on equity of 399.93%. Roblox's revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.30) earnings per share.

What is David Baszucki's approval rating as Roblox's CEO?

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.

When did Roblox IPO?

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

What is Roblox's stock symbol?

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

Who are Roblox's major shareholders?

Roblox's stock is owned by a variety of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (5.09%), BlackRock Inc. (4.30%), ARK Investment Management LLC (1.66%), State Street Corp (1.53%), Renaissance Technologies LLC (1.27%) and Sumitomo Mitsui Trust Holdings Inc. (1.21%). 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.
View institutional ownership trends
.

How do I buy shares of Roblox?

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.
Compare Top Brokerages Here.

What is Roblox's stock price today?

One share of RBLX stock can currently be purchased for approximately $26.73.

How much money does Roblox make?

Roblox (NYSE:RBLX) has a market capitalization of $15.15 billion and generates $2.23 billion in revenue each year. The company earns $-924,370,000.00 in net income (profit) each year or ($1.88) on an earnings per share basis.

How many employees does Roblox have?

The company employs 2,128 workers across the globe.

How can I contact Roblox?

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.

This page (NYSE:RBLX) was last updated on 9/26/2023 by MarketBeat.com Staff

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