Roblox Corporation Under Investigation for Potential Securities Law Violations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: PRnewswire
- Investigation Background: Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws by Roblox Corporation, focusing on whether executives made materially false or misleading statements that could undermine investor confidence.
- Investor Losses: Roblox investors who have suffered losses are encouraged to provide information to assist in the investigation, which may influence future legal actions and potential compensation outcomes.
- Law Firm Strength: Robbins Geller has been ranked #1 in ISS Securities Class Action Services for four out of the last five years, recovering over $2.5 billion for investors in 2024 alone, showcasing its formidable presence in securities fraud cases.
- Historical Cases: The firm has achieved the largest securities class action recovery in history, totaling $7.2 billion, highlighting its extensive experience and success in handling complex securities litigation.
Analyst Views on RBLX
Wall Street analysts forecast RBLX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RBLX is 133.89 USD with a low forecast of 70.00 USD and a high forecast of 180.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
22 Analyst Rating
13 Buy
8 Hold
1 Sell
Moderate Buy
Current: 78.840
Low
70.00
Averages
133.89
High
180.00
Current: 78.840
Low
70.00
Averages
133.89
High
180.00
About RBLX
Roblox Corporation operates a platform for connection and communication (Roblox Platform), where every day, people come to create, play, work, learn, and connect with each other in experiences built by its global community of creators. The Company’s platform consists of the Roblox Client, the Roblox Studio, and the Roblox Cloud. Roblox Client is an application that allows users to seamlessly explore 3D immersive experiences. Roblox Studio is the free toolset that allows developers and creators to build, publish, and operate three-dimensional (3D) immersive experiences and other content accessed with the Roblox Client. Roblox Cloud includes the services and infrastructure that power its Platform. The Company operates the Roblox Platform as a live service that allows users to play and socialize with others for free. The Company offers developers and creators the ability to build engaging, immersive experiences and marketplace items that they can easily share with the Roblox community.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
