Roblox (NYSE:RBLX – Get Free Report) had its price objective dropped by equities researchers at Jefferies Financial Group from $38.00 to $35.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “underperform” rating on the stock. Jefferies Financial Group’s target price points to a potential downside of 22.43% from the stock’s current price.
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RBLX has been the topic of several other reports. Wall Street Zen raised Roblox from a “sell” rating to a “hold” rating in a research note on Sunday, October 11th. Needham & Company LLC reissued a “buy” rating and set a $55.00 target price on shares of Roblox in a research note on Friday. Roth Capital reissued 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. Raymond James Financial restated a “buy” rating on shares of Roblox in a research note on Friday, September 11th. Finally, B. Riley Financial lifted their price target on shares of Roblox from $45.00 to $51.00 and gave the company a “buy” rating in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, twelve have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $53.04.
Check Out Our Latest Stock Analysis on Roblox
Roblox Price Performance
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