how high will roblox stock go

Full Answer

Will Roblox stock continue to head higher?

What Stifel Thinks Roblox (NYSE: RBLX) stock is continuing to head higher after its initial public offering (IPO) last week and Stifel thinks it’s not likely going to stop anytime soon. Stifel analysts initiated coverage of RBLX stock today with a buy rating.

What is the highest Roblox stock ever sold?

RBLX stock debuted at $45 per share. The stock hit a new all-time high of $97.47 on May 27. How high could Roblox stock go? Roblox operates a platform for developing videogames. It offers developers the tools to make games that appeal to kids.

What is the price targets for Roblox's stock?

7 equities research analysts have issued 1-year price objectives for Roblox's stock. Their forecasts range from $78.00 to $103.00. On average, they anticipate Roblox's stock price to reach $86.00 in the next year. This suggests that the stock has a possible downside of 7.0%.

Is Roblox stock headed to $85?

What Stifel Thinks Roblox (NYSE: RBLX) stock is continuing to head higher after its initial public offering (IPO) last week and Stifel thinks it’s not likely going to stop anytime soon. Stifel analysts initiated coverage of RBLX stock today with a buy rating. To go along with that, the analysts assigned the stock a price target of $85 per share.

Is Roblox stock expected to rise?

Stock Price Forecast The 16 analysts offering 12-month price forecasts for Roblox Corp have a median target of 37.00, with a high estimate of 61.00 and a low estimate of 21.00. The median estimate represents a +39.78% increase from the last price of 26.47.

Is Roblox stock a good investment?

Shareholders will need more patience betting on Roblox's strong prospects. The company is a great buy as young gamers spend more time on the platform. But even after falling from the $141.60 high set in November 2021, the stock could get cheaper. The market will remain irrational longer than some will expect.

Is Roblox stock a good 2022 buy?

NYSE: RBLX Management had earlier noted that it expected the declines could reverse in the middle of 2022. If Roblox updates investors and informs them that trends have turned upward, it could be an excellent time to buy the stock.

What is the prediction for Roblox stock?

Based on 16 Wall Street analysts offering 12 month price targets for Roblox in the last 3 months. The average price target is $40.94 with a high forecast of $61.00 and a low forecast of $21.00. The average price target represents a 36.47% change from the last price of $30.00.

Is Roblox a Buy Sell or Hold?

Roblox has received a consensus rating of Hold. The company's average rating score is 2.31, and is based on 7 buy ratings, 7 hold ratings, and 2 sell ratings.

Is Roblox a buy Zack?

Zacks' proprietary data indicates that Roblox Corporation is currently rated as a Zacks Rank 3 and we are expecting an inline return from the RBLX shares relative to the market in the next few months.

Is Roblox profitable 2022?

For 2022, revenues are expected to be in the range of $203 million to $207 million per month. Using an estimated revenue run rate of $200 million per month, the full year forecast is $2.4 billion. This implies a growth rate of 26% from 2021. Another, positive factor is its ability to generate positive free cash flow.

Which is the best sector to invest now?

Top 5 Sectors to invest in, in 2021- Banking: A number of sectoral mutual funds have increased their allocation in this sector of the economy, resulting in a higher proportion of banking and financial stocks in the market. ... - Infrastructure: ... - Pharmaceuticals: ... - IT/ technology: ... - Chemicals: ... Conclusion.

Why is Roblox stock dropping?

Roblox RBLX +8.83% stock was sinking after the videogame firm missed Wall Street's expectations for first-quarter adjusted revenue and reported a wider-than-expected net loss. Roblox (ticker: RBLX) reported bookings, a form of adjusted revenue, of $631.2 million, which was down 3% from the first quarter of 2021.

What is Nio price target?

The 30 analysts offering 12-month price forecasts for NIO Inc have a median target of 30.25, with a high estimate of 82.37 and a low estimate of 21.94.

What do analysts say about Roblox?

Roblox Corp (NYSE:RBLX) The 16 analysts offering 12-month price forecasts for Roblox Corp have a median target of 34.00, with a high estimate of 61.00 and a low estimate of 21.00. The median estimate represents a +26.58% increase from the last price of 26.86.

Is Roblox a sell?

Roblox stock is one of the metaverse stocks to watch in the current stock market correction. The video game platform boasts solid sales growth in recent quarters amid the company's potential in the emerging metaverse investing theme. Shares are now pulling back sharply and are significantly off their 52-week high.

Should I buy or sell Roblox stock right now?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Roblox in the last year. There are currently 2 sell ratings, 6 hold ratin...

What is Roblox's stock price forecast for 2022?

16 equities research analysts have issued 1-year target prices for Roblox's shares. Their forecasts range from $21.00 to $125.00. On average, they...

How has Roblox's stock performed in 2022?

Roblox's stock was trading at $103.16 at the beginning of the year. Since then, RBLX stock has decreased by 73.1% and is now trading at $27.76. Vi...

When is Roblox's next earnings date?

Roblox is scheduled to release its next quarterly earnings announcement on Monday, August 15th 2022. View our earnings forecast for Roblox .

How were Roblox's earnings last quarter?

Roblox Co. (NYSE:RBLX) released its earnings results on Tuesday, May, 10th. The company reported ($0.27) EPS for the quarter, missing analysts' con...

Who are Roblox's key executives?

Roblox's management team includes the following people: Mr. David Baszucki , Founder, Pres, CEO & Chairman (Age 57, Pay $601.39k) ( LinkedIn Pro...

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

144 employees have rated Roblox CEO David Baszucki on Glassdoor.com . David Baszucki has an approval rating of 98% among Roblox's employees. This...

Who are some of Roblox's key competitors?

Some companies that are related to Roblox include Activision Blizzard (ATVI) , VMware (VMW) , Dassault Systèmes (DASTY) , Synopsys (SNPS) , Sh...

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 Stanle...

What is Roblox's consensus rating and price target?

According to the issued ratings of 16 analysts in the last year, the consensus rating for Roblox stock is Hold based on the current 2 sell ratings,...

Do Wall Street analysts like Roblox more than its competitors?

Analysts like Roblox stock less than the stock of other Consumer Discretionary companies. The consensus rating for Roblox is Hold while the average...

Do MarketBeat users like Roblox more than its competitors?

MarketBeat users like Roblox stock less than the stock of other Consumer Discretionary companies. 50.00% of MarketBeat users gave Roblox an outperf...

Is Roblox being downgraded by Wall Street analysts?

Over the previous 90 days, Roblox's stock had 3 downgrades by analysts.

Does Roblox's stock price have much upside?

According to analysts, Roblox's stock has a predicted upside of 11.34% based on their 12-month price targets.

What analysts cover Roblox?

Roblox has been rated by Atlantic Securities , Benchmark , Citigroup , Daiwa Capital Markets , Deutsche Bank Aktiengesellschaft , Jefferies F...

When did Roblox go public?

Roblox (RBLX) went public in March through a direct listing—the same route the Coinbase IPO took the following month. RBLX stock debuted at $45 per share. The stock hit a new all-time high of $97.47 on May 27. How high could Roblox stock go?

What is Roblox's main purpose?

Roblox operates a platform for developing videogames. It offers developers the tools to make games that appeal to kids. Its rapidly expanding daily active user base is a testament to the success of the strategy and a major reason behind the stock’s rise.

Is Roblox growing?

During the first-quarter earnings call, Roblox CFO Michael Guthrie mentioned that the company is nowhere close to exhausting its growth potential. The executive pointed out that Roblox still has a trem endous opportunity to grow in terms of geographies and age demographics. Strong earnings results will continue to push the stock up.

Roblox (NYSE:RBLX) Price Target and Consensus Rating

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy).

Analyst Price Target Consensus

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Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

Average Share Price and Price Target by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target.

Roblox (NYSE:RBLX) Analyst Ratings Frequently Asked Questions

According to the issued ratings of 13 analysts in the last year, the consensus rating for Roblox stock is Buy based on the current 1 sell rating, 3 hold ratings and 9 buy ratings for RBLX. The average twelve-month price target for Roblox is $90.75 with a high price target of $125.00 and a low price target of $45.00.

Roblox stock analysis: Price drivers and technical view

The Roblox chart shows the stock has been on a sharp downtrend since it hit its November all-time high despite nailing the market’s estimates for the firm’s revenues for the third quarter of the 2021 fiscal year.

Increasing competition in the race toward becoming the go-to metaverse platform

Other companies aside from Roblox have dipped their toes into the metaverse industry including the social-media giant Facebook Inc., which was rebranded as Meta Platforms .

Roblox stock fundamental analysis: Latest earnings

Roblox reported its financial results covering the third quarter of its 2021 fiscal year in November last year.

Roblox stock forecast: Analyst sentiment

According to data compiled by MarketBeat as of 10 January, the consensus recommendation for Roblox was bullish with a total of 11 out of 14 analysts covering the stock rating it as ‘buy’. The two analysts gave RBLX a ‘hold’ rating, while another one rated it as ‘sell’.

Roblox stock price prediction: Targets for 2022, 2025 and 2027

Commenting on Roblox stock future, Mikhail Karkhalev, an analyst at Capital.com, said: