Roblox (NYSE:RBLX – Get Free Report) had its target price reduced by DA Davidson from $50.00 to $48.00 in a report released on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. DA Davidson’s price objective indicates a potential upside of 10.89% from the company’s current price.
- MarketBeat Week in Review – 10/05 – 10/09
Several other research analysts have also recently issued reports on RBLX. UBS Group cut their price objective on Roblox from $53.00 to $50.00 and set a “neutral” rating for the company in a research report on Friday. B. Riley Financial reduced their price objective on shares of Roblox from $80.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. The Goldman Sachs Group reissued a “buy” rating and set a $55.00 price objective on shares of Roblox in a report on Friday. Wolfe Research upgraded shares of Roblox from a “hold” rating to a “strong-buy” rating in a research report on Friday. Finally, Roth Capital reaffirmed a “buy” rating and issued a $84.00 target price (up from $78.00) on shares of Roblox in a report on Monday, October 26th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twelve have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $53.12.
View Our Latest Analysis on Roblox
Roblox Stock Performance
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RBLX stock traded up $0.30 during trading on Monday, hitting $43.29. The company had a trading volume of 4,783,411 shares, compared to its average volume of 11,732,815. The firm has a 50-day moving average price of $46.34 and a 200-day moving average price of $52.69. Roblox has a 1-year low of $33.88 and a 1-year high of $113.60. The firm has a market cap of $29.06 billion, a PE ratio of -31.39 and a beta of 1.45. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 7.82.
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