Followers | 679 |
Posts | 140877 |
Boards Moderated | 36 |
Alias Born | 03/10/2004 |
Monday, October 03, 2022 9:24:49 AM
By: Schaeffer's Investment Research | October 3, 2022
• MoffettNathanson initiated coverage on RBLX with an "underperform" rating
• There's room for other analysts to join the bearish bandwagon
Shares of Roblox Corp (NYSE:RBLX) are 0.8% lower premarket, last seen trading at $35.57 after MoffettNathanson initiated coverage with an "underperform" rating and a $19 price target. According to the brokerage firm, it's too early to tell if the gaming platform will actually meet its lofty Metaverse aspirations, saying in its bear note that a "huge range of outcomes could be possible."
Coming into today, the brokerage bunch was split on RBLX, leaving room for additional downgrades to pour in. Specifically, while nine consider the equity a "hold" or worse, seven still rate it a "buy" or better. What's more, the 12-month consensus target price of $44.63 is a 25.6% premium to Friday's close, indicating more price-target cuts could be right around the corner.
For those looking to weigh in on Roblox stock, options look like a solid move at the moment. According to its Schaeffer's Volatility Scorecard (SVS) tally of 98 out of 100, RBLX has consistently realized bigger returns than options traders have priced in over the last 12 months.
On the charts, Roblox stock continues to struggle to rebound from its May 10 all-time low of $21.65, with overhead pressure from its 180-day moving average stymying rallies in August and September. Meanwhile, RBLX sports a more than 65% year-to-date deficit.
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
Recent RBLX News
- Costco Increases Dividend by 14%, Meta Introduces ‘Artemis’ AI Chip, and More News • IH Market News • 04/11/2024 11:24:54 AM
- Roblox Taps PubMatic to Offer Programmatic Immersive Video Ads on Its Platform • GlobeNewswire Inc. • 04/10/2024 01:05:33 PM
- Roblox to Report First Quarter 2024 Financial Results on May 9, 2024 • Business Wire • 04/08/2024 03:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/08/2024 09:27:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 11:24:51 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 11:23:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 11:21:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 11:20:22 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/04/2024 10:20:03 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/04/2024 09:10:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/29/2024 01:16:13 AM
- Crypto: Phishing Hack Strikes MicroStrategy, Malicious Code Compromises Tornado Cash, and More • IH Market News • 02/26/2024 06:57:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 01:46:41 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 01:45:25 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 01:44:06 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 01:43:01 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 01:41:29 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 01:40:37 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 01:39:59 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/22/2024 09:20:23 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/21/2024 11:34:54 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/21/2024 11:31:15 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/21/2024 11:25:12 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/21/2024 11:24:09 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/21/2024 11:14:41 PM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • BLO • Apr 25, 2024 8:52 AM
Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • KGKG • Apr 25, 2024 8:30 AM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM