Roblox (NYSE:RBLX) Stock Price Up 4.9%

Roblox Corporation (NYSE:RBLX – Get Free Report) rose 4.9% during trading on Monday . The company traded as high as $39.98 and last traded at $40.4180. 1,420,612 shares changed hands during trading, a decline of 88% from the average daily volume of 11,811,312 shares. The stock had previously closed at $38.53.

Wall Street Analysts Forecast Growth

• Why These Three Big Buybacks Are Sending Very Different Signals to Investors

RBLX has been the topic of several research analyst reports. Roth Capital set a $65.00 target price on Roblox in a research note on Tuesday, May 5th. Wall Street Zen upgraded shares of Roblox from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Moffett Nathanson reaffirmed a “neutral” rating and set a $40.00 price objective on shares of Roblox in a research report on Monday, August 3rd. Wells Fargo & Company set a $46.00 price objective on shares of Roblox in a research note on Monday, August 3rd. Finally, Citigroup cut their target price on shares of Roblox from $70.00 to $60.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fifteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $60.89.

View Our Latest Research Report on RBLX

Roblox Price Performance

• MarketBeat Week in Review – 05/04 – 05/08

The company has a market capitalization of $27.26 billion, a PE ratio of -28.45 and a beta of 1.46. The company has a debt-to-equity ratio of 7.82, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a 50 day moving average price of $46.04 and a two-hundred day moving average price of $51.60.

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