Roblox (NYSE:RBLX – Get Free Report) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday, Wall Street Zen reports.
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A number of other research analysts have also recently commented on the stock. BTIG Research upped their price target on shares of Roblox from $41.00 to $42.00 and gave the stock a “sell” rating in a report on Wednesday, October 28th. TD Cowen reduced their price target on shares of Roblox from $49.00 to $40.00 and set a “hold” rating on the stock in a research note on Friday, July 31st. Needham & Company LLC reiterated a “buy” rating and set a $55.00 price objective on shares of Roblox in a report on Friday, October 30th. The Goldman Sachs Group reissued a “buy” rating and issued a $55.00 price objective on shares of Roblox in a research report on Friday, October 30th. Finally, Jefferies Financial Group lowered their price objective on shares of Roblox from $38.00 to $35.00 and set an “underperform” rating for the company in a research report on Tuesday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $53.04.
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Roblox Price Performance
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RBLX opened at $49.93 on Friday. The business has a fifty day moving average of $48.27 and a 200 day moving average of $51.20. Roblox has a 52-week low of $33.88 and a 52-week high of $103.78. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 7.82. The stock has a market cap of $33.52 billion, a P/E ratio of -36.18 and a beta of 1.45.
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