Roblox (NYSE:RBLX – Get Free Report)’s stock had its “outperform” rating restated by analysts at Wedbush in a research report issued on Friday,Benzinga reports. They presently have a $65.00 target price on the stock. Wedbush’s price objective suggests a potential upside of 36.64% from the stock’s current price.
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A number of other equities research analysts have also recently weighed in on RBLX. Wall Street Zen raised shares of Roblox from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Barclays raised Roblox from an “equal weight” rating to an “outperform” rating in a report on Monday, June 29th. Needham & Company LLC assumed coverage on Roblox in a research report on Monday, June 29th. They set a “buy” rating on the stock. Jefferies Financial Group downgraded Roblox from a “hold” rating to a “hold” rating in a report on Friday, May 1st. Finally, Arete Research set a $95.00 target price on Roblox and gave the company a “buy” rating in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $85.85.
Read Our Latest Report on Roblox
Roblox Stock Down 4.2%
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RBLX stock opened at $47.57 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 2.45. Roblox has a twelve month low of $40.15 and a twelve month high of $150.59. The company’s 50 day moving average is $49.17 and its two-hundred day moving average is $58.04. The stock has a market cap of $31.95 billion, a P/E ratio of -30.11 and a beta of 1.41.
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