Summary:
- Roblox (RBLX, Financial) shows a strong start in 2023, outperforming the S&P 500 with a near 15% rise year-to-date.
- Wall Street maintains a positive outlook, consistently rating Roblox as a "Strong Buy."
- GuruFocus projects an estimated 19.93% upside, pointing to a bright future for investors.
Roblox Stock Performance Overview
Roblox (NYSE: RBLX) shares experienced a 1.35% increase to close at $66.58 on Friday, marking an impressive streak of eight consecutive days of gains. With nearly a 15% rise year-to-date, Roblox has notably outperformed the declining S&P 500. This upward momentum reflects a bullish sentiment from Wall Street, where analysts have elevated their ratings for the stock to "Strong Buy."
Wall Street Analysts' Forecast
According to data from 30 analysts, Roblox Corp (RBLX, Financial) has an average one-year target price of $66.64. The forecasts range from a high of $83.00 to a low of $30.00, suggesting an average potential upside of 0.09% from its current price of $66.58. Investors looking for more granular insights can visit the Roblox Corp (RBLX) Forecast page.
Analyst Recommendations
The consensus from 33 brokerage firms places Roblox Corp's (RBLX, Financial) average brokerage recommendation at 2.3, indicating an "Outperform" status. The recommendation scale ranges from 1, signaling a "Strong Buy," to 5, indicating a "Sell."
GuruFocus Valuation Estimate
Utilizing GuruFocus metrics, Roblox Corp (RBLX, Financial) has an estimated GF Value of $79.85 for the upcoming year. This suggests a promising upside of 19.93% from its current trading price of $66.58. The GF Value is determined based on historical trading multiples, past business growth, and future business performance estimates. For additional analysis and data, visit the Roblox Corp (RBLX) Summary page.
