Shares of Roblox Corporation (NYSE:RBLX – Get Free Report) traded up 6.7% during mid-day trading on Friday. The stock traded as high as $48.68 and last traded at $48.5860. 2,168,960 shares were traded during trading, a decline of 82% from the average daily volume of 11,818,009 shares. The stock had previously closed at $45.52.
Wall Street Analyst Weigh In
- Alphabet and Unity Level Up Game Development
Several research analysts recently issued reports on RBLX shares. Morgan Stanley lowered their target price on Roblox from $62.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Needham & Company LLC increased their price target on Roblox from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, September 23rd. Roth Capital increased their price objective on shares of Roblox from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, September 15th. Wolfe Research downgraded shares of Roblox from an “outperform” rating to a “hold” rating in a research report on Friday, July 31st. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Roblox in a research report on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, thirteen have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $60.79.
View Our Latest Stock Report on Roblox
Roblox Stock Performance
- Why These Three Big Buybacks Are Sending Very Different Signals to Investors
The company’s fifty day simple moving average is $42.05 and its 200 day simple moving average is $47.93. The firm has a market capitalization of $32.68 billion, a PE ratio of -34.11 and a beta of 1.47. The company has a debt-to-equity ratio of 7.82, a current ratio of 0.82 and a quick ratio of 0.82.
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