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NYSE:RBLX

Roblox (RBLX) Stock Price, News & Analysis

$35.06
-0.28 (-0.79%)
(As of 12:09 PM ET)
Today's Range
$34.83
$35.90
50-Day Range
$35.33
$44.44
52-Week Range
$24.88
$47.20
Volume
2.25 million shs
Average Volume
7.48 million shs
Market Capitalization
$20.72 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$46.25

Roblox MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.81 Rating Score
Upside/​Downside
32.4% Upside
$46.25 Price Target
Short Interest
Healthy
4.02% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.92mentions of Roblox in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$29.53 M Sold Last Quarter
Proj. Earnings Growth
Decreasing
From ($2.10) to ($2.15) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.41 out of 5 stars

Consumer Discretionary Sector

116th out of 265 stocks

Prepackaged Software Industry

80th out of 200 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

The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
Hexcel, WD-40 fall; Macy's, Roblox rise, Wednesday, 4/10/2024
Stocks that are trading heavily or have substantial price changes on Wednesday: Hexcel, WD-40 fall; Macy's, Roblox rise
The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
Roblox (RBLX) Stock Moves -0.59%: What You Should Know
RBLX Apr 2024 33.500 call
Roblox (NYSE:RBLX) Shares Gap Up to $39.09
Roblox partners with PubMatic to boost video ad sales
See More Headlines
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Company Calendar

Last Earnings
2/07/2024
Today
4/22/2024
Next Earnings (Confirmed)
5/09/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
2,457
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$46.25
High Stock Price Target
$57.00
Low Stock Price Target
$30.00
Potential Upside/Downside
+30.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.81
Research Coverage
21 Analysts

Profitability

Net Income
$-1,151,950,000.00
Pretax Margin
-41.38%

Debt

Sales & Book Value

Annual Sales
$2.80 billion
Book Value
$0.12 per share

Miscellaneous

Free Float
460,136,000
Market Cap
$20.91 billion
Optionable
Optionable
Beta
1.63
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Should I Buy Roblox Stock? RBLX Pros and Cons Explained

Pros

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

  • Roblox has shown consistent growth in user engagement and revenue, indicating a strong market presence and potential for further expansion.
  • The company has a diverse and innovative product portfolio, including Roblox Studio and Roblox Client, which cater to a wide range of users and creators.
  • Recent analyst ratings have been positive, with several firms giving Roblox a "buy" or "outperform" rating, suggesting confidence in the company's future performance.
  • Institutional investors, such as Vanguard Group Inc. and Morgan Stanley, have been increasing their holdings in Roblox, signaling confidence in the company's long-term prospects.
  • Roblox's stock price has shown resilience and growth, reflecting investor interest and optimism in the company's potential for continued success.

Cons

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

  • Despite positive analyst ratings, some analysts have issued a "sell" rating on Roblox, indicating potential risks or challenges ahead for the company.
  • Competition in the online entertainment platform industry is intense, with other players vying for market share and user attention, which could impact Roblox's growth trajectory.
  • Market volatility and economic uncertainties could affect Roblox's stock price and overall performance, leading to potential fluctuations in investor returns.
  • Regulatory changes or legal issues related to online platforms could pose risks to Roblox's operations and financial stability, impacting investor confidence.
  • Investors should carefully monitor Roblox's financial reports and market trends to make informed decisions, as the company operates in a dynamic and evolving industry.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Roblox pros and cons to contact@marketbeat.com.

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 year. There are currently 5 hold ratings, 15 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 Wall Street research analysts have issued 12-month price targets for Roblox's stock. Their RBLX share price targets range from $30.00 to $57.00. On average, they predict the company's share price to reach $46.25 in the next twelve months. This suggests a possible upside of 32.4% 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 2024?

Roblox's stock was trading at $45.72 at the beginning of the year. Since then, RBLX stock has decreased by 23.6% and is now trading at $34.92.
View the best growth stocks for 2024 here
.

When is Roblox's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our RBLX earnings forecast
.

How can I listen to Roblox's earnings call?

Roblox will be holding an earnings conference call on Thursday, May 9th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Roblox's earnings last quarter?

Roblox Co. (NYSE:RBLX) announced its quarterly earnings results on Wednesday, February, 7th. The company reported ($0.52) EPS for the quarter, topping the consensus estimate of ($0.57) by $0.05. The firm earned $1.13 billion during the quarter, compared to analyst estimates of $1.05 billion. Roblox had a negative net margin of 41.15% and a negative trailing twelve-month return on equity of 770.71%. Roblox's revenue for the quarter was up 25.3% on a year-over-year basis. During the same period in the previous year, the business earned ($0.48) earnings per share.

What guidance has Roblox issued on next quarter's earnings?

Roblox issued an update on its first quarter 2024 earnings guidance on Wednesday, February, 7th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $755.0 million-$780.0 million, compared to the consensus revenue estimate of $902.7 million.

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?

Roblox (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.

Who are Roblox's major shareholders?

Roblox's stock is owned by many different retail and institutional investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (1.44%), IMC Chicago LLC (0.00%), Douglas Lane & Associates LLC (0.05%), Global Assets Advisory LLC (0.02%), Roberts Wealth Advisors LLC (0.01%) and Maryland State Retirement & Pension System (0.01%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:RBLX) was last updated on 4/22/2024 by MarketBeat.com Staff

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