Roblox (NYSE:RBLX) Price Target Raised to $55.00

Roblox (NYSE:RBLX) had its price target lifted by Wedbush from $48.00 to $55.00 in a research note published on Friday,Benzinga reports. Wedbush currently has a neutral rating on the stock.

Other research analysts have also issued research reports about the company. Arete Research set a $95.00 price objective on Roblox and gave the stock a “buy” rating in a report on Monday, June 29th. Canaccord Genuity Group set a $58.00 target price on shares of Roblox in a research note on Friday, July 31st. Needham & Company LLC raised their target price on shares of Roblox from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, September 23rd. Citigroup dropped their target price on shares of Roblox from $70.00 to $60.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. Finally, Morgan Stanley dropped their target price on shares of Roblox from $62.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, Roblox has a consensus rating of “Hold” and a consensus price target of $57.22.

Roblox Price Performance

Roblox stock opened at $53.00 on Friday. Roblox has a 52 week low of $33.88 and a 52 week high of $134.67. The business has a 50-day simple moving average of $45.12 and a 200 day simple moving average of $47.51. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 7.82. The stock has a market cap of $35.51 billion, a price-to-earnings ratio of -37.06 and a beta of 1.47.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, July 30th. The company reported ($0.26) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.08. Roblox had a negative return on equity of 292.85% and a negative net margin of 17.60%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same period in the prior year, the company earned ($0.41) EPS. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. On average, research analysts forecast that Roblox will post -1.39 earnings per share for the current fiscal year.

Insider Buying and Selling at Roblox

In other Roblox news, insider Sean Buckley sold 4,321 shares of Roblox stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $38.68, for a total transaction of $167,136.28. Following the completion of the sale, the insider owned 87,213 shares of the company’s stock, valued at $3,373,398.84. The trade was a 4.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Mark Reinstra sold 5,666 shares of Roblox stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $44.20, for a total value of $250,437.20. Following the sale, the insider directly owned 386,625 shares of the company’s stock, valued at approximately $17,088,825. This trade represents a 1.44% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 186,390 shares of company stock valued at $7,283,371. 10.05% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Roblox

Institutional investors have recently modified their holdings of the company. Apollon Wealth Management LLC raised its holdings in shares of Roblox by 27.0% during the 3rd quarter. Apollon Wealth Management LLC now owns 7,896 shares of the company’s stock valued at $335,000 after buying an additional 1,681 shares in the last quarter. Citizens Financial Group Inc. RI lifted its position in Roblox by 227.5% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 26,921 shares of the company’s stock worth $1,141,000 after buying an additional 18,701 shares during the last quarter. Atala Financial Inc lifted its position in Roblox by 2.3% in the 3rd quarter. Atala Financial Inc now owns 59,985 shares of the company’s stock worth $2,542,000 after buying an additional 1,330 shares during the last quarter. MBL Wealth LLC bought a new stake in Roblox in the 3rd quarter worth approximately $490,000. Finally, Root Financial Partners LLC purchased a new stake in Roblox in the third quarter worth approximately $62,000. 94.46% of the stock is currently owned by institutional investors.

Key Stories Impacting Roblox

Here are the key news stories impacting Roblox this week:

• Positive Sentiment: Wedbush raised its price target for Roblox from $48 to $55 while maintaining a neutral rating. The revision reflects expectations that user activity remained more resilient than feared in the third quarter. Wedbush Roblox price target update
• Positive Sentiment: Earnings expectations have improved. Analysts see an 8.54% positive Earnings ESP, and recent estimate revisions suggest Roblox could beat expectations when it reports. The company is expected to post a quarterly loss of approximately $0.41 per share on $1.63 billion of revenue. Roblox earnings optimism
• Positive Sentiment: Roblox users reportedly held up better than expected in the third quarter, which could help support engagement metrics and reduce downside risk around the upcoming results. Roblox user trends and spending
• Neutral Sentiment: Roblox’s recent recommendation-system changes prioritize game quality and user retention over near-term spending. This strategy could improve long-term engagement, but it may temporarily reduce monetization growth. What is wrong with Roblox stock
• Negative Sentiment: Spending per user was likely below expectations. Even with resilient user numbers, weaker monetization could pressure bookings and revenue, limiting the benefit of strong engagement.
• Negative Sentiment: Bookings growth slowed sharply in the second quarter, while engagement cooled. Forecasts also call for year-over-year declines in both earnings and revenue, keeping the stock vulnerable if Roblox fails to demonstrate improved monetization.

Roblox Company Profile

Roblox Corporation operates Roblox, an online platform where users can create, publish, and participate in interactive digital experiences. The platform supports a broad range of user-generated content, including games, social spaces, entertainment, educational activities, and virtual events.

Roblox provides development tools through Roblox Studio, enabling creators and developers to design experiences and build virtual items and environments. Users can customize avatars, communicate with others, and access content across computers, mobile devices, consoles, and other supported platforms.