Fintel reports that on December 12, 2024, HSBC initiated coverage of Roblox (NYSE:RBLX) with a Buy recommendation.
Analyst Price Forecast Suggests 6.11% Downside
As of December 3, 2024, the average one-year price target for Roblox is $56.23/share. The forecasts range from a low of $26.26 to a high of $73.50. The average price target represents a decrease of 6.11% from its latest reported closing price of $59.89 / share.
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The projected annual revenue for Roblox is 3,744MM, an increase of 11.30%. The projected annual non-GAAP EPS is -1.86.
What is the Fund Sentiment?
There are 1,123 funds or institutions reporting positions in Roblox. This is an increase of 65 owner(s) or 6.14% in the last quarter. Average portfolio weight of all funds dedicated to RBLX is 0.43%, an increase of 8.90%. Total shares owned by institutions increased in the last three months by 6.67% to 507,241K shares. 
The put/call ratio of RBLX is 0.66, indicating a bullish outlook.
What are Other Shareholders Doing?
Altos Ventures Management holds 33,660K shares representing 5.54% ownership of the company. In its prior filing, the firm reported owning 43,943K shares , representing a decrease of 30.55%.
Baillie Gifford holds 28,785K shares representing 4.74% ownership of the company. In its prior filing, the firm reported owning 29,143K shares , representing a decrease of 1.24%. The firm increased its portfolio allocation in RBLX by 12.86% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 17,093K shares representing 2.81% ownership of the company. In its prior filing, the firm reported owning 15,918K shares , representing an increase of 6.87%. The firm increased its portfolio allocation in RBLX by 19.97% over the last quarter.
Temasek Holdings holds 13,775K shares representing 2.27% ownership of the company. In its prior filing, the firm reported owning 14,019K shares , representing a decrease of 1.77%. The firm increased its portfolio allocation in RBLX by 1.94% over the last quarter.
Ieq Capital holds 13,085K shares representing 2.15% ownership of the company. In its prior filing, the firm reported owning 11,422K shares , representing an increase of 12.71%. The firm decreased its portfolio allocation in RBLX by 13.34% over the last quarter.
Roblox Background Information
(This description is provided by the company.)
Roblox's mission is to build a human co-experience platform that enables shared experiences among billions of users. Every day, more than 36 million people around the world have fun with friends as they explore millions of immersive digital experiences. All of these experiences are built by the Roblox community, made up of over five million creators. Roblox believes in building a safe, civil, and diverse community-one that inspires and fosters creativity and positive relationships between people around the world.
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