Metaverse mania and a strong Q3 report drove up shares of the video game platform company. Third-quarter revenue more than doubled from the year-ago period. The gaming-engine operator is churning out strong cash flows. Shares of Roblox ( NYSE:RBLX) rocketed 50.1% in November, according to data from S&P Global Market Intelligence.
Full Answer
Is it too late to buy Roblox stock?
1 day ago · Even better, the stock is shrugging off its latest earnings loss of 27 cents a share, which was wider than expected. In addition, bookings came in …
Is Roblox stock poised to rally soon?
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Is Roblox stock a buy now?
Apr 16, 2022 · Roblox (RBLX) Stock Is Down 60% in 2022. 5 Big Investors Are Still Buying Shares. investorplace.com - April 20 at 5:02 PM. Get Roblox News Delivered to You Automatically. Sign up to receive the latest news and ratings for RBLX and …
Why is Roblox stock increasing?
Is Roblox stock a good buy right now?
Deutsche bank currently rates the stock a buy, targeting a price of $60. Citigroup is also bullish on the stock, giving it a $59 price target. Big investment banks like this being bullish on the stock is a great sign.2 days ago
Is Roblox stock expected to rise?
The 17 analysts offering 12-month price forecasts for Roblox Corp have a median target of 45.00, with a high estimate of 78.00 and a low estimate of 24.00. The median estimate represents a +59.57% increase from the last price of 28.20.
Is Roblox losing money?
Is Roblox stock a good 2022 buy?
How much will Roblox be worth?
Is Roblox a buy sell or hold?
What is Nio price target?
The 28 analysts offering 12-month price forecasts for NIO Inc have a median target of 30.94, with a high estimate of 82.16 and a low estimate of 22.86.
What is the target price for Roblox stock?
| High | $84.00 |
|---|---|
| Low | $28.00 |
| Average | $51.59 |
| Current Price | $23.19 |
Is Roblox making profit?
What happened
Shares of Roblox ( NYSE:RBLX) are up 26.6% this week, according to data from S&P Global Market Intelligence. The metaverse/digital experiences platform reported its third-quarter results this week, and investors bid up the stock to all-time highs after the report.
So what
On Nov. 8, Roblox announced its earnings for Q3, which ended in September. Bookings (Roblox's sales equivalent) were up 28% year over year to $637.8 million. This might not seem like explosive growth; bookings grew 200% year over year in Q3 of last year, making a tough comparison from the heart of the pandemic to this quarter.
Now what
With the stock up so much this week, Roblox has a market cap of $56.8 billion. With around $600 million in free cash flow generated over the past 12 months, the stock trades at a price-to-free cash flow (P/FCF) ratio of 95, which is very expensive.
Kids are still flocking to the online gaming platform
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What happened
Shares of Roblox ( NYSE:RBLX) soared by 42% on Tuesday after the popular video game development company delivered strong third-quarter numbers.
So what
Roblox's revenue surged by 102% year over year to $509.3 million. Meanwhile, the company's bookings -- a key metric that factors in deferred revenue and represents the dollar amount of virtual currency that users bought during the quarter -- jumped by 28% to $637.8 million.
Now what
Roblox's results were particularly impressive in light of the easing of coronavirus-related restrictions, which has largely allowed children to return to school and re-engage in more outdoor and group activities.
Is there an increase in at home video games?
More than a year of staying at home, working from home, and learning from home has certainly given rise to an increase in at-home videogaming. The Wall Street Journal notes that over the past year, net bookings at each of the three big videogame companies have surged about 30%.
Is Roblox going up?
While it's kind of surprising that the companies actually mentioned in WSJ 's piece aren't getting any investor love today, it's not really a surprise that Roblox is going up -- because the Journal 's arguments make sense.
