why did roblox stock go up today

Is it too late to buy Roblox stock?

Roblox has a market capitalization of US$37b, so it's too big to fly under the radar ... It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you ...

Is Roblox stock a buy now?

Tyler Craig, InvestorPlace 7 Triple-A Rated Stocks to Buy Now “Roblox, as I noted in my previous column, has multiple strengths, including impressive growth, good monetization, and its alliance ...

Is Roblox a public company?

Yes, Roblox has been a public company since its IPO date on March 10, 2021. When a company launches an IPO, this means they are becoming public. Download Gainy and see new IPOs and growth stocks to invest in

Where will Roblox be in 5 years?

Next year, analysts expect Roblox's revenue to rise 21% against some tough year-over ... and its paltry forward dividend yield of 0.5% won't attract any serious income investors. Nonetheless, Apple's resilience in a market rattled by higher inflation ...

Why are Roblox stocks up?

Roblox reported having 32.6 million daily active users at the end of 2020, up 85% from the year-ago period. Revenue jumped 82% in the year to $924 million. It had a net loss of $253 million in 2020, vs. a $71 million loss in the prior year, according to the Roblox IPO filing.

Is Roblox a good buy right now?

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. Stockholders will need to wait out the storm and keep their long position in Roblox.

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 34.00, with a high estimate of 61.00 and a low estimate of 21.00.

Why did Roblox stock drop today?

Roblox RBLX +5.63% 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.

Is it too late to buy Roblox stock?

It's not too late to buy Roblox, but more price-conscious investors may want to keep it on their watchlist to see if market volatility brings a more attractive entry point.

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.

Will Roblox bounce back?

Roblox is expected to rebound from current price levels.

What's the prediction for Roblox stock?

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 +33.14% increase from the last price of 27.79.

How high will RBLX go?

However, investors shouldn't forget that Roblox's current pace of growth remains quite solid. Assuming the company maintains the $200 million revenue run rate that it has clocked in the first two months of 2022, it could end 2022 with $2.4 billion in revenue.

Is RBLX stock a buy?

The financial health and growth prospects of RBLX, demonstrate its potential to underperform the market. It currently has a Growth Score of B. Recent price changes and earnings estimate revisions indicate this would be a good stock for momentum investors with a Momentum Score of A.

Is Roblox being shorted?

S3 Partners estimates Roblox's short interest at 31.74 million shares shorted, or 10% of shares available for trading.

Is Roblox declining in popularity?

Roblox is seeing slowing usage and declining popularity. The company is also beginning to see worsening profitability, which is never a good sign.

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...

Kids are still flocking to the online gaming platform

Joe honed his investing skills as an analyst for Stock Advisor. He battle-tested his investment philosophy and strategies as portfolio manager of Tier 1, a market-crushing Motley Fool real-money portfolio that delivered 24.58% annualized returns.

What happened

Shares of Roblox ( NYSE:RBLX) soared by 42% on Tuesday after the popular video game development company delivered strong third-quarter numbers.

So what

Roblox's revenue surged by 102% year over year to $509.3 million. Meanwhile, the company's bookings -- a key metric that factors in deferred revenue and represents the dollar amount of virtual currency that users bought during the quarter -- jumped by 28% to $637.8 million.

Now what

Roblox's results were particularly impressive in light of the easing of coronavirus-related restrictions, which has largely allowed children to return to school and re-engage in more outdoor and group activities.

About Roblox

Roblox Corporation develops and operates an online entertainment platform. It offers Roblox Client, an application that allows users to explore 3D digital worlds; and Roblox Studio, a toolset that allows developers and creators to build, publish, and operate 3D experiences and other content.

Roblox (NYSE:RBLX) Frequently Asked Questions

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Roblox in the last year. There are currently 1 sell rating, 3 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Roblox stock. View analyst ratings for Roblox or view top-rated stocks.

What happened

Shares of Roblox (NYSE: RBLX) were trading up 12.3% as of 1:24 p.m. ET on Monday. The only news that would impact the stock was a price target cut at Stifel . The analyst brought the near-term price target down to $110, but that is still nearly double where this top metaverse stock has been trading in the last week.

So what

Roblox released data on Jan. 26 that showed just how far this gaming platform has come over the last year. Its community of users reached nearly 50 million across 180 countries to end 2021, up from 32.6 million in 2020.

Now what

Roblox has seen some major brands launch their own experiences on the platform, including Kering 's Gucci, VF Corp 's Vans, and Nike . In October, Chipotle Mexican Grill opened a virtual restaurant on Roblox that allowed fans to win $1 million in burritos.