Roblox (NYSE:RBLX – Get Free Report) had its target price dropped by analysts at JPMorgan Chase & Co. from $53.00 to $46.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective indicates a potential upside of 6.95% from the stock’s current price.
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RBLX has been the topic of several other reports. BTIG Research boosted their target price on Roblox from $41.00 to $42.00 and gave the stock a “sell” rating in a report on Wednesday. Roth Capital reiterated 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. Barclays lowered their price target on Roblox from $60.00 to $47.00 and set an “equal weight” rating for the company in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft downgraded Roblox from a “buy” rating to a “hold” rating and cut their price objective for the company from $56.00 to $38.00 in a report on Friday, July 31st. Finally, DA Davidson raised their target price on Roblox from $40.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, October 14th. Two investment 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 assigned a Sell rating to the company. According to MarketBeat.com, Roblox presently has an average rating of “Hold” and a consensus price target of $53.19.
Check Out Our Latest Stock Report on RBLX
Roblox Stock Performance
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RBLX opened at $43.01 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 7.82. Roblox has a 52-week low of $33.88 and a 52-week high of $119.85. The company has a market cap of $28.87 billion, a P/E ratio of -31.17 and a beta of 1.45. The firm’s 50-day moving average price is $46.34 and its 200-day moving average price is $52.69.
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