The Target Price for Roblox Stock

As one of the top-grossing apps on both the Google and Apple app stores, Roblox has held its position consistently. With video game sales and stock outpacing the market at large, the gaming industry including Roblox has been one of the winners of the onset of the Covid-19 pandemic.

Before buying Roblox stock, you need to know the target price for Roblox Stock. After knowing the target price for Roblox Stock, you can really bet the highest price, so that your Roblox stock can rise steadily. To know the target price for Roblox Stock, you can dive into our post to find out the information about it.

The Target Price for Roblox Stock

What Is the Target Price for Roblox Stock?

According to Barrons.com, there are four estimated prices to bet on Roblox Stock including high price, low price, average price and current price. Barrons.com place some following stock price target for Roblox stock:

    • High: $108.00
    • Low: $45.00
    • Average: $68.47
    • Current Price: $46.02

Of the 15 analysts offering 12-month price forecasts for Roblox Corporation have a median target of 65.00, with a low estimate of $45.00 and with a high estimate of 108.00. Well, the median estimate actually represents a +29.97% increase from the last price of 50.01.

The current consensus among 19 polled investment analysts is to purchase stock in Roblox Corporation. It is known that when it was unchanged from a buy rating, this rating has held steady since March.

According to 13 Wall Street analysts that have issued a one-year RBLX price target, the average RBLX price target is approximately $75.62, with the lowest RBLX stock price forecast at $50.00 and the highest RBLX stock price forecast at $115.00.

Wall Street analysts reported that on average, Roblox’s share price could achieve $75.62 by March 30, 2023. The average ROBLOX stock price prediction estimates a potential increase of 51.17% from the current RBLX stock price of $50.02.

When Did Roblox Release Its IPO?

Roblox changed its documents to put off its IPO to February 2021 from Q4 of 2020. Then, it filed an additional amendment, encouraging the IPO date to March 10, 2021. Roblox had filed for a standard IPO, but later selected for a direct listing after Airbnb and DoorDash and priced their IPOs below the stock opening prices. With a price of $45 per share, Roblox officially IPO’d March 10, 2021.

On the New York Stock Exchange on March 10, 2021, Roblox Corporation released nearly 199 million shares for trading. Instead of going the IPO route, Roblox had delayed its initial public offering and now will list its shares directly.

Roblox Corporation lists under the ticker RBLX on the NYSE. You have to consider investing in this exploding and profitable market, while the Roblox Stock release date has come and gone.

With a suggested price of 45 per share, the Roblox Stock initial public offering (IPO) through direct listing happened on March 10, 2021. With a direct listing, there are no new shares in the company that are created and sold. Roblox IPO raises capital. Instead, the current investors start selling already existing shares based on demand as trading opens.

Roblox stock closed at 69.50 on March 10, 2021, over 54% above the 45 IPO price. The large percentage increase in prices on the day of the IPO indicates strong institutional support.

What Is ROBLOX’s Earnings Growth Forecast for 2022 – 2024?

Even though it’s not predicted to beat the US Market’s average forecast earnings growth rate of 17.68%,  Roblox’s forecast annual earnings growth rate of N/A is not predicted to beat the US Electronic Gaming & Multimedia industry’s average forecast earnings growth rate of 10.76%.

In 2022, Roblox’s earnings are reportedly around $491,651,000. According to 6 Wall Street analysts, on average RBLX’s earnings for 2022 to be $540,738,62 with the highest RBLX Earning forecast at $299,757,280 and the lowest RBLX earnings forecast at $717,066,435.

For 2023, the 6 Wall Street analysts predict that on average, RBLX’s earnings to be $646,535,310, with the highest RBLX earnings forecast at $364,410,811 and the lowest RBLX earnings forecast at $958,047,778.

For 2024, RBLX is predicted to generate roughly $546,616,217 in earnings, with the highest earnings forecast at $240,981,343 and the lowest earnings forecast at $858,128,685.

What Is ROBLOX’s revenue growth forecast for 2022 – 2024?

Roblox’s forecast annual revenue growth rate of 30.41% is predicted to beat the US Electronic Gaming & Multimedia industry’s average forecast revenue growth rate of 20.76%. Well, it is also predicted to beat the US market’s average forecast revenue growth rate of 11.82%.

For 2022, Roblox’ revenue is around $1,919,181,000. According to the 6 Wall Street analysts predict that on average, RBLX’s revenue is going to be $1,713,861,074,196, with the highest RBLX revenue forecast at $1,762,749,135,564 and the lowest RBLX revenue forecast at $1,590,500,373,713.

The 6 Wall Street Analysts also reported that on average RBLX’s revenue is going to be $2,060,241,191,171, with the highest RBLX revenue forecast at $2,194,058,718,659 and the lowest RBLX revenue forecast at $1,928,614,830,625.

For 2024, RBLX is predicted to earn $2,530,453,979,405 in revenue, with the highest revenue forecast at $2,750,948,969,389 and with the lowest revenue forecast at $2,237,212,011,825.

What Is ROBLOX’s EPS Forecast for 2022- 2024?

Roblox’s current Earnings Per Share (EPS) is approximately $0.97. On average, the analysts forecast that RBLX’s EPS is going to be $0.92 for 2022, the highest EPS forecast at -$0.51 and the lowest EPS forecast at -$1.22.

On average, analysts forecast that RBLX’s EPS is going to be $1.10 for 2023, with the highest EPS forecast at $0.62 and the lowest EPS forecast at $1.63. For 2024, RBLX’s EPS is predicted to hit $0.93 (with minimum of $1.46 and with maximum of $0.41).

Is Roblox Stock a Good Buy in 2020?

From 14 analysts, 2 (14,29%) recommend RBLX as a Buy, 3 (21.43%) recommend RBLX as a Hold, 8 (57.14%) recommend to buy Roblox’ stock as a Strong Buy, 1 (7,14%) recommend RBLX as a Strong Sell and 0 (0%) recommend RBLX As a Sell.

Certainly, the Wall Street analysts’ report can be used as your reference if you have a plan to buy Roblox Stock.

Related Posts