Roblox (NYSE:RBLX) Raised to “Hold” at Wall Street Zen

Roblox (NYSE:RBLX – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Sunday, Wall Street Zen reports.

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Other research analysts also recently issued research reports about the stock. Moffett Nathanson restated a “neutral” rating and issued a $40.00 price target on shares of Roblox in a research report on Monday, August 3rd. Citigroup decreased their price target on Roblox from $70.00 to $60.00 and set a “buy” rating for the company in a report on Monday, August 3rd. BMO Capital Markets downgraded Roblox from an “outperform” rating to a “market perform” rating and set a $45.00 price objective on the stock. in a research note on Friday, July 31st. Needham & Company LLC raised their target price on Roblox from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, September 23rd. Finally, Seaport Research Partners downgraded Roblox to a “neutral” rating in a report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, thirteen have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $60.79.

Read Our Latest Report on RBLX

Roblox Price Performance

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Shares of NYSE RBLX opened at $48.09 on Friday. The firm has a market cap of $32.22 billion, a P/E ratio of -33.63 and a beta of 1.47. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 7.82. The business’s 50 day moving average is $42.30 and its 200-day moving average is $47.94. Roblox has a 1-year low of $33.88 and a 1-year high of $141.95.

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