How high will Roblox go?

The 24 analysts offering 12-month price forecasts for Roblox Corp

Roblox Corp

Roblox Corporation is an American video game developer based in San Mateo, California. Founded in 2004 by David Baszucki and Erik Cassel, the company is the developer of Roblox, which was released in 2006. As of December 31, 2021, Roblox Corporation employs approximately 1,600 people.

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Roblox Corporation - Wikipedia

have a median target of 41.25, with a high estimate of 55.00 and a low estimate of 19.00. The median estimate represents a -10.71% decrease from the last price of 46.20.

Is Roblox going to grow?

After soaring 82% in 2020, Roblox's bookings increased 45% in 2021 and grew a mere 5% in 2022. But if we look at the past five quarters, we'll notice that its growth rates gradually stabilized in the second half of 2022.

What is the stock price prediction for Roblox in 2024?

On average, Wall Street analysts predict that Roblox's share price could fall to $38.28 by Mar 10, 2024. The average Roblox stock price prediction forecasts a potential downside of 14.9% from the current RBLX share price of $44.98.

What is the future growth of Roblox?

Analyst Future Growth Forecasts

Revenue vs Market: RBLX's revenue (17.6% per year) is forecast to grow faster than the US market (7% per year). High Growth Revenue: RBLX's revenue (17.6% per year) is forecast to grow slower than 20% per year.

Will Roblox change in 2023?

Roblox is not going to shut down in 2023. Therefore, you can enjoy playing your favorite games without any worries. Roblox is available for PC, iOS, Android, and Xbox One.

How to Know if an Item is Going Limited

Why is Roblox growing so fast?

Aging up and international expansion. The key for Roblox to grow its revenue is to grow its DAUs and hours engaged on the platform. The more time people spend on Roblox, the more likely they are to buy Robux, plain and simple.

What is the highest that Roblox stock has ever been?

The all-time high Roblox stock closing price was 134.72 on November 19, 2021. The Roblox 52-week high stock price is 53.88, which is 19.8% above the current share price. The Roblox 52-week low stock price is 21.65, which is 51.9% below the current share price.

What is the target price for RBLX?

Stock Price Forecast

The 24 analysts offering 12-month price forecasts for Roblox Corp have a median target of 41.25, with a high estimate of 55.00 and a low estimate of 19.00. The median estimate represents a -1.43% decrease from the last price of 41.85.

What is the stock market forecast for RBLX in 2030?

Through 2030, the market is expected to grow at a CAGR of 39.8%. Even if Roblox's revenue growth is at par with industry growth, the upside for RBLX stock is likely to be meaningful. If we look at some of the best quarters for Roblox, the company reported approximately $170 million in free cash flows.

Why Roblox stock is so low?

Roblox closes down more than 15% after November update shows slowing growth. Roblox revenue, which it calls booking growth, declined year over year due to the strength of the U.S. dollar. Bookings per daily active user also fell by as much as 9% from a year ago.

Is Roblox a good investment?

Roblox Corp's trailing 12-month revenue is $2.2 billion with a -41.5% profit margin. Year-over-year quarterly sales growth most recently was 1.8%. Analysts expect adjusted earnings to reach $-1.687 per share for the current fiscal year. Roblox Corp does not currently pay a dividend.

Is Elon Musk going to buy Roblox?

Is Musk going to buy Roblox? Musk has expressed no intention of buying Roblox, though Roblox would cost Musk much less than what he offered for Twitter. Twitter would be a much more logical buy for Musk, though. He's been getting active politically, and uses Twitter to market himself and Tesla.

Is Roblox a risky stock?

The single biggest risk factor for Roblox is its dependence on the gaming and metaverse markets, both of which have proven much shakier than expected over the past year. The gaming industry experienced a significant slowdown that caused Roblox and many of its competitors to fare poorly in the stock market.

Why is Roblox stock doing so well?

Beyond the rising number of daily active users, hours engaged are on the rise. This quarter, Roblox reported 13.4 billion hours engaged, which is a 20% year-over-year increase. The number of users spending time playing on the platform is rising.

Why is Roblox stock so high?

Investors are extra enthusiastic about Roblox's results today because the quarter showed that the company can still grow key metrics in a post-pandemic world. For example, average daily active users reached 58.8 million in the quarter, up 19% year over year.

What is Roblox stock price dividend?

Historical dividend payout and yield for Roblox (RBLX) since 1971. The current TTM dividend payout for Roblox (RBLX) as of February 24, 2023 is $0.00. The current dividend yield for Roblox as of February 24, 2023 is 0.00%.

Who owns the most Roblox stock?

The largest owner of Roblox is the private equity firm Altos Ventures, which owns 13.0% of the company. The second largest Roblox owner is Roblox's co-founder, CEO, and chairman David Baszucki, who owns an 8.8% ownership stake.

What is the max pain for RBLX stock?

The max pain for RBLX on February 24th, 2023 is $45. Roblox Corp is currently $40.88 which is -9.16% lower than its max pain.

Is Roblox declining in popularity?

The daily active users rose 15% year over year to 56.7 million users but were still low compared to the last year's 35% growth. Roblox's average bookings per daily active user continues to decline as they were between $3.92 and $3.97, down 7-9% from a year ago.

Is Roblox decreasing in popularity?

Roblox users

Roblox had 56 million daily active users by the end of 2022, with 23% year-on-year growth.

Why Roblox is for all ages?

There is no official age that kids can play Roblox, but Common Sense Media rates the platform safe for users 13+ "based on continuing challenges with problematic content.