Roblox (NYSE:RBLX – Get Free Report) had its target price reduced by stock analysts at Citigroup from $70.00 to $60.00 in a report released on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price target indicates a potential upside of 59.45% from the company’s current price.
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Other analysts have also issued research reports about the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Roblox in a report on Wednesday, June 24th. TD Cowen decreased their price target on Roblox from $49.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday. Bank of America cut Roblox from a “buy” rating to a “neutral” rating and set a $48.00 price target for the company. in a report on Friday, May 1st. B. Riley Financial cut their price objective on Roblox from $80.00 to $45.00 and set a “buy” rating for the company in a research report on Monday. Finally, Canaccord Genuity Group set a $58.00 price objective on Roblox in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $62.04.
Get Our Latest Analysis on Roblox
Roblox Price Performance
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Shares of NYSE:RBLX traded up $2.03 on Monday, hitting $37.63. The stock had a trading volume of 17,077,386 shares, compared to its average volume of 11,716,067. The firm’s 50 day moving average price is $49.28 and its 200-day moving average price is $56.79. The company has a debt-to-equity ratio of 7.82, a quick ratio of 0.82 and a current ratio of 0.82. Roblox has a twelve month low of $33.88 and a twelve month high of $142.00. The company has a market capitalization of $25.27 billion, a price-to-earnings ratio of -26.33 and a beta of 1.41.
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