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Roblox Stock Price, News & Analysis (NYSE:RBLX)

$40.46
+1.15 (+2.93%)
(As of 12/1/2023 ET)
Compare
Today's Range
$38.99
$40.48
50-Day Range
$25.40
$39.76
52-Week Range
$24.88
$47.65
Volume
8.08 million shs
Average Volume
10.91 million shs
Market Capitalization
$23.21 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$41.25

Roblox MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.62 Rating Score
Upside/​Downside
2.0% Upside
$41.25 Price Target
Short Interest
Healthy
4.20% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.29mentions of Roblox in the last 14 days
Based on 32 Articles This Week
Insider Trading
Selling Shares
$7.43 M Sold Last Quarter
Proj. Earnings Growth
Decreasing
From ($1.91) to ($1.98) Per Share

Overall MarketRank

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

2.00 out of 5 stars

Consumer Discretionary Sector

184th out of 276 stocks

Prepackaged Software Industry

119th out of 203 stocks


RBLX stock logo

About Roblox Stock (NYSE:RBLX)

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 Stock Price History

RBLX Stock News Headlines

Roblox proves that tricks aren’t just for kids
3D video game and development platform operator Roblox shares surged 11% on impressive Q3 2023 earnings results as the company expands to an older audience
Atlassian fumbles the quarter but is still leading the game (RBLX)
Collaboration software developer Atlassian's stock dropped 10% after its latest earnings report showed slowing growth, but the company is still a sector leader
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Roblox: The Kids Are Here To Replace Us
Michael Guthrie Sells 14,705 Shares of Roblox Co. (NYSE:RBLX) Stock
Roblox Co. (NYSE:RBLX) CTO Sells $397,717.90 in Stock
See More Headlines
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Company Calendar

Last Earnings
11/08/2023
Today
12/01/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/21/2024

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 Target
$41.25
High Stock Price Target
$52.00
Low Stock Price Target
$24.00
Potential Upside/Downside
+4.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.62
Research Coverage
21 Analysts

Profitability

Net Income
$-924,370,000.00
Pretax Margin
-42.68%

Debt

Sales & Book Value

Annual Sales
$2.23 billion
Book Value
$0.21 per share

Miscellaneous

Free Float
414,922,000
Market Cap
$22.76 billion
Optionable
Not Optionable
Beta
1.56
12 Stocks Corporate Insiders are Abandoning Cover

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

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Should I Buy Roblox Stock? RBLX Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Roblox was last updated on Tuesday, November 28, 2023 at 10:24 PM.

Pros

Here are some ways that investors could benefit from investing in Roblox Co.:

  • Roblox Corporation operates an online entertainment platform that has a wide user base, which provides potential for significant revenue growth.
  • Roblox Studio, a free toolset offered by the company, allows developers and creators to build and publish 3D experiences, which can attract more users and increase engagement on the platform.
  • Roblox Education offers learning experiences, which can attract educational institutions and create additional revenue streams.
  • Roblox Cloud provides services and infrastructure that power the human co-experience platform, ensuring a seamless user experience and scalability.
  • The recent stock price of Roblox Co. should be considered, as it can provide insights into the company's valuation and potential investment returns.

Cons

Investors should be bearish about investing in Roblox Co. for these reasons:

  • The prepackaged software industry, in which Roblox Co. operates, is highly competitive, and the company may face challenges in maintaining its market position.
  • Roblox Co. operates in multiple countries, which exposes it to regulatory and legal risks in different jurisdictions.
  • The company's reliance on user-generated content may lead to copyright infringement issues and potential legal disputes.
  • Roblox Co. may face cybersecurity threats and data breaches, which can negatively impact user trust and the company's reputation.
  • Investors should consider the recent financial performance and growth prospects of Roblox Co. to make informed investment decisions.














RBLX Stock Analysis - Frequently Asked Questions

Should I buy or sell Roblox stock right now?

21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Roblox in the last twelve months. There are currently 2 sell ratings, 5 hold ratings, 13 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" RBLX shares.
View RBLX analyst ratings
or view top-rated stocks.

What is Roblox's stock price target for 2024?

21 brokerages have issued 12 month price objectives for Roblox's stock. Their RBLX share price targets range from $24.00 to $52.00. On average, they predict the company's share price to reach $41.25 in the next year. This suggests a possible upside of 2.0% 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 beginning of the year. Since then, RBLX shares have increased by 42.1% and is now trading at $40.45.
View the best growth stocks for 2023 here
.

When is Roblox's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 21st 2024.
View our RBLX earnings forecast
.

How were Roblox's earnings last quarter?

Roblox Co. (NYSE:RBLX) issued its quarterly earnings results on Wednesday, November, 8th. The company reported ($0.45) earnings per share for the quarter, topping the consensus estimate of ($0.52) by $0.07. The firm earned $839.45 million during the quarter, compared to analysts' expectations of $824.71 million. Roblox had a negative trailing twelve-month return on equity of 536.12% and a negative net margin of 42.54%. The firm's revenue for the quarter was up 19.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.50) EPS.

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.

Who are Roblox's major shareholders?

Roblox's stock is owned by a number of institutional and retail investors. Top institutional investors include Altos Ventures Management Inc. (10.63%), Morgan Stanley (7.15%), Baillie Gifford & Co. (4.91%), ARK Investment Management LLC (2.11%), Ieq Capital LLC (1.61%) and Sumitomo Mitsui Trust Holdings Inc. (1.44%). 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.

This page (NYSE:RBLX) was last updated on 12/1/2023 by MarketBeat.com Staff

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