Roblox (NYSE:RBLX – Get Free Report)’s stock had its “neutral” rating reaffirmed by Wedbush in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. They presently have a $40.00 price objective on the stock, down from their previous price objective of $65.00. Wedbush’s price objective would indicate a potential downside of 17.75% from the company’s current price.
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Other analysts also recently issued reports about the company. Barclays reiterated a “negative” rating on shares of Roblox in a report on Friday. Bank of America downgraded Roblox from a “buy” rating to a “neutral” rating and set a $48.00 target price for the company. in a research report on Friday, May 1st. Roth Capital set a $65.00 target price on Roblox in a research note on Tuesday, May 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Roblox in a report on Wednesday, June 24th. Finally, Citigroup reissued a “buy” rating on shares of Roblox in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $67.63.
Check Out Our Latest Report on Roblox
Roblox Trading Down 3.0%
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Shares of RBLX stock opened at $48.63 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 2.45. Roblox has a fifty-two week low of $40.15 and a fifty-two week high of $150.59. The firm’s 50 day moving average price is $49.53 and its two-hundred day moving average price is $57.08. The stock has a market cap of $32.66 billion, a price-to-earnings ratio of -30.78 and a beta of 1.41.
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