Roblox Corp. (RBLX) PT Lowered to $40 at Stifel

Roblox (RBLX) Stock Downgraded to Hold at Truist on Valuation and Competition

June 17, 2022 9:25 AM EDT

Truist analyst Matthew Thornton cut rating on Roblox (NASDAQ: RBLX) shares to Hold from Buy after weak May metrics.

The analyst has a $29.00 per share price target on Roblox shares.

Thornton names 4 key reasons behind the downgrade.

RBLX screens... More

JPMorgan on Roblox Corp. (RBLX): 'Bookings Trend Shows Underlying Improvement'

June 15, 2022 10:43 AM EDT

JPMorgan analyst Alexia S. Quadrani reiterated an Overweight rating on Roblox Corp. (NYSE: RBLX).

The analyst comments "We continue to expect June bookings to be up m/m given normal seasonality, and note last year's result was impacted by reopening. Consensus... More

Needham & Company on Roblox Corp. (RBLX): 'May Results Better than Feared'

June 15, 2022 10:31 AM EDT

Needham & Company analyst Bernie McTernan reiterated a Buy rating and $40.00 price target on Roblox Corp. (NYSE: RBLX)

The analyst comments "May bookings were slightly below our expectations on a reported basis, but slightly better after backing out FX. Our last published estimates are... More

KeyBanc on Roblox Corp. (RBLX): 'we have some new near-term concerns on the path of DAU growth moving forward'

June 15, 2022 10:01 AM EDT

KeyBanc analyst Tyler Parker reiterated a Sector Weight rating on Roblox Corp. (NYSE: RBLX).

The analyst comments "Net-net, we view the report as mixed relative to expectations. Bookings growth was borderline, but indicates improvement on an ex-FX basis, while bookings surprised us to the... More

Roblox's (RBLX) Disappointing May Metrics Puts Quarter at Risk - Benchmark

June 15, 2022 9:50 AM EDT

Benchmark analyst Mike Hickey reiterated a Sell rating and $21.00 price target on Roblox Corp. (NYSE: RBLX) after "disappointing" May 2022 metrics."

The analyst commented, "RBLX delivered a disappointing monthly May KPIs report, with aggregate engagement and monetization metrics continue to show weakness as player engagement... More

Roblox May bookings take hit from strong dollar

June 15, 2022 9:28 AM EDT

(Reuters) - Roblox Corp on Wednesday became the latest U.S. company to report a hit from a stronger dollar, saying its bookings fell up to 11% last month despite a jump in daily active users.

The announcement sent the gaming platform's shares down 4% in premarket trading and echoed remarks from... More

Pre-Open Stock Movers 06/15: Hertz Gains on Buyback, Snowflake on Upgrade; Bitcoin Names Weaker Again (more...)

June 15, 2022 9:19 AM EDT

Pre-Open Stock Movers:

IronNet (NYSE: IRNT) 14% LOWER; reported Q1 EPS of ($0.33), $0.16 worse than the analyst estimate of ($0.17). Revenue for the quarter came in at $6.69 million versus the consensus estimate of $7.02 million.

Wheels Up Experience (NYSE:... More

Roblox (RBLX) Falls After Reporting Slowing of All Major Metrics in May

June 15, 2022 8:41 AM EDT

Shares of Roblox (NYSE: RBLX) fell 4% in pre-open trading Wednesday after releasing May 2022 metrics, which showed a slowing of all major metrics, including Daily active users and bookings.

Roblox said May Daily active users were 50.4 million, up 17% year over year. In the first... More

Roblox (RBLX) announces May daily active users were 50.4 million, up 17% year over year

June 15, 2022 8:15 AM EDT

(Updated - June 15, 2022 8:16 AM EDT)

Roblox Corporation (NYSE: RBLX), a global platform bringing millions of people together through shared experiences, today released certain key metrics for May 2022.

May 2022 Metrics

Daily active users were 50.4 million, up 17% year... More