Roblox Corporation (NYSE:RBLX – Get Free Report) shares passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $53.18 and traded as high as $54.47. Roblox shares last traded at $54.2610, with a volume of 6,799,059 shares trading hands.
Analysts Set New Price Targets
- MarketBeat Week in Review – 10/05 – 10/09
A number of equities analysts recently weighed in on RBLX shares. Cantor Fitzgerald initiated coverage on shares of Roblox in a research note on Monday, June 29th. They issued an “overweight” rating for the company. BTIG Research lifted their price target on Roblox from $30.00 to $41.00 and gave the company a “sell” rating in a research note on Tuesday, September 15th. Jefferies Financial Group downgraded Roblox from a “hold” rating to an “underperform” rating and set a $38.00 price target on the stock. in a research note on Monday, September 28th. Roth Capital restated a “buy” rating on shares of Roblox in a report on Monday. Finally, Wolfe Research cut Roblox from an “outperform” rating to a “hold” rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, Roblox has an average rating of “Hold” and an average price target of $57.22.
Check Out Our Latest Analysis on RBLX
Roblox Stock Performance
- Alphabet and Unity Level Up Game Development
The company has a market capitalization of $36.35 billion, a price-to-earnings ratio of -37.94 and a beta of 1.47. The stock’s 50 day moving average price is $45.34 and its 200 day moving average price is $53.18. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 7.82.
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