Fintel reports that on November 17, 2023, Wolfe Research upgraded their outlook for Roblox Corporation - (NYSE:RBLX) from Underperform to Peer Perform .
Analyst Price Forecast Suggests 1.01% Downside
As of November 1, 2023, the average one-year price target for Roblox Corporation - is 37.97. The forecasts range from a low of 18.18 to a high of $63.00. The average price target represents a decrease of 1.01% from its latest reported closing price of 38.36.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Roblox Corporation - is 3,306MM, an increase of 25.78%. The projected annual non-GAAP EPS is -1.77.
What is the Fund Sentiment?
There are 984 funds or institutions reporting positions in Roblox Corporation -. This is a decrease of 39 owner(s) or 3.81% in the last quarter. Average portfolio weight of all funds dedicated to RBLX is 0.50%, a decrease of 3.39%. Total shares owned by institutions increased in the last three months by 1.62% to 438,967K shares. 
The put/call ratio of RBLX is 0.48, indicating a bullish outlook.
What are Other Shareholders Doing?
Altos Ventures Management holds 60,210K shares representing 9.65% ownership of the company. In it's prior filing, the firm reported owning 70,892K shares, representing a decrease of 17.74%.
Baillie Gifford holds 28,146K shares representing 4.51% ownership of the company. In it's prior filing, the firm reported owning 28,549K shares, representing a decrease of 1.43%. The firm decreased its portfolio allocation in RBLX by 72.13% over the last quarter.
Temasek Holdings holds 13,254K shares representing 2.12% ownership of the company. In it's prior filing, the firm reported owning 11,365K shares, representing an increase of 14.25%. The firm decreased its portfolio allocation in RBLX by 13.87% over the last quarter.
ARK Investment Management holds 11,974K shares representing 1.92% ownership of the company. In it's prior filing, the firm reported owning 9,319K shares, representing an increase of 22.18%. The firm increased its portfolio allocation in RBLX by 6.71% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 11,392K shares representing 1.83% ownership of the company. In it's prior filing, the firm reported owning 11,125K shares, representing an increase of 2.34%. The firm decreased its portfolio allocation in RBLX by 15.35% 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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This story originally appeared on Fintel.
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