![]() Now, I wouldn’t recommend dumping your shares, or avoiding RBLX stock altogether, just because an analyst has issued a bearish call.īut then, it’s reasonable to consider Benchmark’s justification for issuing the “sell” rating. Reportedly, that’s Roblox’s first sell rating as well as the lowest price target on Wall Street. In any case, it’s likely that Benchmark analyst Mike Hickey was aware of these issues when his firm initiated coverage of Roblox with a “sell” rating and a $75 price target. Is it a coincidence that RBLX stock has declined since that data was released? I’ll let you decide, but it’s certainly ominous. Roblox’s critics may be concerned about a potential drop in user engagement as the world recovers from the Covid-19 pandemic. Hopefully, Roblox’s per-share earnings can cross over into positive territory sometime in 2021’s second half.Īnd if you’re looking for a buy price for RBLX stock, there appears to be some support at $65. ![]() Value-focused investors probably won’t like that negative number. At the same time, the company had trailing 12-month earnings per share of -$1.47. Throughout most of June and July, the stock flopped around and struggled to find a direction.Īs of July 23, Roblox shares were trading in the $82 area. Unfortunately, traders who chased RBLX stock near the $100 area were soon punished for their haste. The momentum continued until the stock reached a 52-week high of $103.87 on June 2.ħ Value Stocks to Buy Ahead of Possible Interest Rate Hikes The shares began trading at $64.50, much higher than the reference price of $45. RBLX stock debuted on March 10, and interestingly enough, this event marked the very first direct listing of 2021. ![]() ![]() The best assessment, then, may be to set a lower buy price for Roblox shares, and wait patiently. It’s a valid concern, and at least one notable Wall Street analyst is treading cautiously. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Will Roblox be able to retain its relevance? This was strongly appealing last year as people sought entertainment during the novel coronavirus pandemic lockdowns.įast-forward to mid-2021, when vaccines have been widely distributed and lockdowns have largely been lifted. Roblox is a promising company as it offers gamers an immersive virtual world and an escape from reality for a while. ![]()
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