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Roblox Corp has a consensus price target of $43.19 based on the ratings of 29 analysts. The high is $56 issued by BMO Capital on July 30, 2024. The low is $26 issued by MoffettNathanson on May 10, 2024. The 3 most-recent analyst ratings were released by Macquarie, Deutsche Bank, and Roth MKM on August 5, 2024, August 2, 2024, and August 2, 2024, respectively. With an average price target of $46 between Macquarie, Deutsche Bank, and Roth MKM, there's an implied 6.48% upside for Roblox Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Roblox (NYSE:RBLX) was reported by Macquarie on August 5, 2024. The analyst firm set a price target for $50.00 expecting RBLX to rise to within 12 months (a possible 15.74% upside). 63 analyst firms have reported ratings in the last year.
The latest analyst rating for Roblox (NYSE:RBLX) was provided by Macquarie, and Roblox maintained their outperform rating.
The last upgrade for Roblox Corp happened on May 10, 2024 when MoffettNathanson raised their price target to $26. MoffettNathanson previously had a sell for Roblox Corp.
The last downgrade for Roblox Corp happened on May 14, 2024 when Roth MKM changed their price target from $55 to $35 for Roblox Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Roblox, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Roblox was filed on August 5, 2024 so you should expect the next rating to be made available sometime around August 5, 2025.
While ratings are subjective and will change, the latest Roblox (RBLX) rating was a maintained with a price target of $46.00 to $50.00. The current price Roblox (RBLX) is trading at is $43.20, which is out of the analyst’s predicted range.
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