Roth MKM Downgrades Roblox to Neutral, Lowers Price Target to $35
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 14 2024
0mins
Should l Buy RBLX?
Source: Benzinga
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy RBLX?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on RBLX
Wall Street analysts forecast RBLX stock price to rise
22 Analyst Rating
13 Buy
8 Hold
1 Sell
Moderate Buy
Current: 52.310
Low
70.00
Averages
133.89
High
180.00
Current: 52.310
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.
ROBLOX CORP: CITIGROUP LOWERS TARGET PRICE FROM $105 TO $90
- Target Price Adjustment: Citigroup Group has reduced the target price for Roblox Corp from $105 to $90.
- Market Impact: This adjustment reflects changing market conditions and expectations for Roblox's performance.
See More
Unity Software Shares Surge 13.57% on Q1 Revenue Guidance Beat
- Revenue Guidance Beat: Unity Software projects Q1 2026 revenue between $505 million and $508 million, significantly up from the previous range of $480 million to $490 million, indicating strong growth driven by its AI ad platform, Unity Vector, which may enhance investor confidence.
- Surge in Trading Volume: Today's trading volume reached 51.5 million shares, over 200% above the three-month average of 16.8 million shares, indicating a significant increase in market interest in Unity Software, potentially attracting more investors.
- Strategic Restructuring Impact: Unity Software is streamlining operations by shutting down its ironSource Ads Network and selling its Supersonic games division, which may help improve overall efficiency and profitability, thereby enhancing its competitive position in the market.
- Analyst Price Target Increases: Both Bank of America and Morgan Stanley have raised their price targets for Unity Software, reflecting optimistic market expectations for its future growth potential, with investors closely watching AI developments and Q2 guidance to assess the sustainability of this growth.
See More
Roblox and Burford Capital See Surge in Options Trading Volume
- Roblox Options Volume: Roblox Corp experienced options trading volume of 53,688 contracts, equating to approximately 5.4 million shares, which is about 62.5% of its average daily trading volume of 8.6 million shares over the past month, indicating heightened market interest in its future performance.
- High Volume Analysis: Notably, the $48 strike put option expiring on April 2, 2026, saw 9,121 contracts traded today, representing around 912,100 underlying shares, suggesting increased investor expectations for a potential price decline.
- Burford Capital Options Activity: Burford Capital recorded options trading volume of 14,105 contracts, approximately 1.4 million shares, or about 62.2% of its average daily trading volume of 2.3 million shares over the past month, reflecting market sensitivity to its stock price fluctuations.
- Put Option Trading Insights: For the $7.50 strike put option expiring on May 15, 2026, 2,218 contracts were traded today, representing about 221,800 underlying shares, indicating a cautious investor sentiment regarding Burford's future performance.
See More
UK Trials Social Media Ban for Teens
- Pilot Program Launch: The UK government is initiating a six-week social media ban trial involving 300 teenagers nationwide, aiming to assess the impact of various interventions on adolescent mental health, reflecting the government's commitment to digital wellbeing.
- Diverse Interventions: The pilot includes four types of interventions, such as time limits and nighttime curfews, designed to reduce teenagers' reliance on social media, thereby improving their overall wellbeing and addressing growing concerns about mental health.
- Positive Public Feedback: This trial is based on 30,000 responses from parents and children regarding the effects of social media, indicating widespread societal concern about its impact on youth and highlighting parents' urgent need for measures to protect children online.
- Emerging International Trends: With countries like Australia and Spain already implementing similar bans, the UK's pilot could influence future policy directions, potentially leading to increased regulation of social media use among teenagers globally.
See More
ROBLOX TO IMPLEMENT CONTENT AND COMMUNICATION CONTROLS FOR PLAYERS UNDER 16 IN INDONESIA TO ADHERE TO CHILD SOCIAL MEDIA REGULATIONS
New Content Controls: Roblox is introducing content and communication controls for players under 16 in Indonesia.
Compliance with Regulations: This move is aimed at complying with local regulations regarding children's social media usage.
See More
Is the ARK Innovation ETF Stabilizing? Tesla and Robinhood Influence the Trend
ARK Innovation ETF Performance: The ARK Innovation ETF (ARKK), led by Cathie Wood, has faced significant losses, down nearly 9% year-to-date and over 55% from its all-time high in February 2021, amid a broader tech sector sell-off.
Top Holdings and Volatility: Tesla remains ARKK's largest holding, constituting over 10% of the fund, but has also seen substantial volatility, with its beta indicating it is nearly twice as volatile as the broader market.
Market Trends and Analyst Sentiment: Analysts express caution regarding the tech sector's performance, noting that while ARKK has potential upside, the ETF has been impacted by institutional selling and broader market uncertainties.
Future Outlook: Despite current challenges, there are expectations for recovery in the tech sector, particularly in industries like microchips and e-commerce, which could lead to significant gains for ARKK investors if the market stabilizes.
See More
ROBLOX CORP: CITIGROUP LOWERS TARGET PRICE FROM $105 TO $90
- Target Price Adjustment: Citigroup Group has reduced the target price for Roblox Corp from $105 to $90.
- Market Impact: This adjustment reflects changing market conditions and expectations for Roblox's performance.
See More
Unity Software Shares Surge 13.57% on Q1 Revenue Guidance Beat
- Revenue Guidance Beat: Unity Software projects Q1 2026 revenue between $505 million and $508 million, significantly up from the previous range of $480 million to $490 million, indicating strong growth driven by its AI ad platform, Unity Vector, which may enhance investor confidence.
- Surge in Trading Volume: Today's trading volume reached 51.5 million shares, over 200% above the three-month average of 16.8 million shares, indicating a significant increase in market interest in Unity Software, potentially attracting more investors.
- Strategic Restructuring Impact: Unity Software is streamlining operations by shutting down its ironSource Ads Network and selling its Supersonic games division, which may help improve overall efficiency and profitability, thereby enhancing its competitive position in the market.
- Analyst Price Target Increases: Both Bank of America and Morgan Stanley have raised their price targets for Unity Software, reflecting optimistic market expectations for its future growth potential, with investors closely watching AI developments and Q2 guidance to assess the sustainability of this growth.
See More
Roblox and Burford Capital See Surge in Options Trading Volume
- Roblox Options Volume: Roblox Corp experienced options trading volume of 53,688 contracts, equating to approximately 5.4 million shares, which is about 62.5% of its average daily trading volume of 8.6 million shares over the past month, indicating heightened market interest in its future performance.
- High Volume Analysis: Notably, the $48 strike put option expiring on April 2, 2026, saw 9,121 contracts traded today, representing around 912,100 underlying shares, suggesting increased investor expectations for a potential price decline.
- Burford Capital Options Activity: Burford Capital recorded options trading volume of 14,105 contracts, approximately 1.4 million shares, or about 62.2% of its average daily trading volume of 2.3 million shares over the past month, reflecting market sensitivity to its stock price fluctuations.
- Put Option Trading Insights: For the $7.50 strike put option expiring on May 15, 2026, 2,218 contracts were traded today, representing about 221,800 underlying shares, indicating a cautious investor sentiment regarding Burford's future performance.
See More
UK Trials Social Media Ban for Teens
- Pilot Program Launch: The UK government is initiating a six-week social media ban trial involving 300 teenagers nationwide, aiming to assess the impact of various interventions on adolescent mental health, reflecting the government's commitment to digital wellbeing.
- Diverse Interventions: The pilot includes four types of interventions, such as time limits and nighttime curfews, designed to reduce teenagers' reliance on social media, thereby improving their overall wellbeing and addressing growing concerns about mental health.
- Positive Public Feedback: This trial is based on 30,000 responses from parents and children regarding the effects of social media, indicating widespread societal concern about its impact on youth and highlighting parents' urgent need for measures to protect children online.
- Emerging International Trends: With countries like Australia and Spain already implementing similar bans, the UK's pilot could influence future policy directions, potentially leading to increased regulation of social media use among teenagers globally.
See More
ROBLOX TO IMPLEMENT CONTENT AND COMMUNICATION CONTROLS FOR PLAYERS UNDER 16 IN INDONESIA TO ADHERE TO CHILD SOCIAL MEDIA REGULATIONS
New Content Controls: Roblox is introducing content and communication controls for players under 16 in Indonesia.
Compliance with Regulations: This move is aimed at complying with local regulations regarding children's social media usage.
See More
Is the ARK Innovation ETF Stabilizing? Tesla and Robinhood Influence the Trend
ARK Innovation ETF Performance: The ARK Innovation ETF (ARKK), led by Cathie Wood, has faced significant losses, down nearly 9% year-to-date and over 55% from its all-time high in February 2021, amid a broader tech sector sell-off.
Top Holdings and Volatility: Tesla remains ARKK's largest holding, constituting over 10% of the fund, but has also seen substantial volatility, with its beta indicating it is nearly twice as volatile as the broader market.
Market Trends and Analyst Sentiment: Analysts express caution regarding the tech sector's performance, noting that while ARKK has potential upside, the ETF has been impacted by institutional selling and broader market uncertainties.
Future Outlook: Despite current challenges, there are expectations for recovery in the tech sector, particularly in industries like microchips and e-commerce, which could lead to significant gains for ARKK investors if the market stabilizes.
See More
