Roblox (NYSE:RBLX – Get Free Report) had its price target raised by analysts at Needham & Company LLC from $50.00 to $55.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s target price would indicate a potential upside of 10.35% from the company’s previous close.
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Other equities research analysts also recently issued reports about the stock. B. Riley Financial lowered their price target on shares of Roblox from $80.00 to $45.00 and set a “buy” rating for the company in a report on Monday, August 3rd. Arete Research set a $95.00 target price on shares of Roblox and gave the stock a “buy” rating in a research report on Monday, June 29th. DA Davidson set a $40.00 target price on shares of Roblox in a research note on Friday, July 31st. Canaccord Genuity Group set a $58.00 price target on Roblox in a report on Friday, July 31st. Finally, BMO Capital Markets cut shares of Roblox from an “outperform” rating to a “market perform” rating and set a $45.00 target price on the stock. in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $60.79.
Get Our Latest Stock Report on RBLX
Roblox Stock Down 2.7%
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Shares of NYSE:RBLX opened at $49.84 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 7.82. The company has a market capitalization of $33.39 billion, a P/E ratio of -34.85 and a beta of 1.47. Roblox has a 52-week low of $33.88 and a 52-week high of $142.00. The stock’s fifty day simple moving average is $43.47 and its 200-day simple moving average is $49.16.
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