Roblox Stock Has 33% Upside, According to 1 Wall Street Analyst [Yahoo! Finance]
Roblox Corporation Class A (RBLX)
Company Research
Source: Yahoo! Finance
However, there remains skepticism around the company's ability to sustain high growth and monetize the content on its free-to-use platform. But this could be a great buying opportunity, according to JPMorgan analyst Cory Carpenter. The analyst upgraded the stock from neutral to overweight and raised his price target from $41 to $48. That price target, usually an estimate of where the stock might trade in the next year or so, is 33% higher than the current share price. Is Roblox stock a buy? The market doesn't want to give Roblox credit for its recent growth streak for a few reasons. First, much of its content is centered around gaming, and the video game industry isn't growing that quickly right now. Second, Roblox has an inconsistent operating history. Its top-line growth slowed amid the broader macroeconomic weakness in 2022, and it doesn't have a record of generating a consistent profit yet. Carpenter sees the market's skepticism as a great opportunity to buy shares in a
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News
- 1 Wall Street Analyst Firm Thinks Roblox Stock Is Going to $55. Is It a Buy Around $37? [Yahoo! Finance]Yahoo! Finance
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- Gen Alpha will have $5.5 trillion of spending power by 2029 and CFOs see them just ‘a click away from purchasing things' [Fortune]Fortune
- Can Roblox (RBLX) Climb 34.09% to Reach the Level Wall Street Analysts Expect? [Yahoo! Finance]Yahoo! Finance
RBLX
Earnings
- 2/7/24 - Beat
RBLX
Sec Filings
- 5/1/24 - Form 4
- 4/26/24 - Form 4
- 4/24/24 - Form 144
- RBLX's page on the SEC website