Roblox (NYSE:RBLX – Get Free Report) had its price objective lifted by analysts at JPMorgan Chase & Co. from $40.00 to $53.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 11.39% from the company’s current price.
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A number of other brokerages have also commented on RBLX. Weiss Ratings reissued a “sell (e+)” rating on shares of Roblox in a report on Monday, September 21st. Jefferies Financial Group downgraded shares of Roblox from a “hold” rating to an “underperform” rating and set a $38.00 price objective for the company. in a report on Monday, September 28th. Wolfe Research lowered shares of Roblox from an “outperform” rating to a “hold” rating in a research report on Friday, July 31st. BTIG Research upped their target price on shares of Roblox from $30.00 to $41.00 and gave the stock a “sell” rating in a research report on Tuesday, September 15th. Finally, Needham & Company LLC increased their target price on Roblox from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $56.96.
Read Our Latest Stock Analysis on Roblox
Roblox Price Performance
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Shares of RBLX traded down $1.93 during trading hours on Wednesday, reaching $47.58. 2,911,608 shares of the company’s stock traded hands, compared to its average volume of 11,768,897. Roblox has a 12 month low of $33.88 and a 12 month high of $141.95. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 7.82. The stock has a market cap of $31.88 billion, a PE ratio of -33.35 and a beta of 1.47. The firm’s 50 day simple moving average is $42.81 and its 200-day simple moving average is $47.79.
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