Roblox (RBLX): New Sell Recommendation for This Technology Giant

In a report released today, Eric Sheridan from Goldman Sachs maintained a Sell rating on Roblox (RBLXResearch Report), with a price target of $19.00. The company’s shares opened today at $33.00.

Sheridan covers the Technology sector, focusing on stocks such as Meta Platforms, Alphabet Class A, and Netflix. According to TipRanks, Sheridan has an average return of 13.3% and a 61.22% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Roblox with a $37.33 average price target, which is a 13.12% upside from current levels. In a report released today, Morgan Stanley also downgraded the stock to a Sell with a $24.00 price target.

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RBLX market cap is currently $21.49B and has a P/E ratio of -27.26.

Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RBLX in relation to earlier this year. Last month, Barbara Messing, the CMKtg & People Exper Officer of RBLX bought 19,193.00 shares for a total of $99,995.53.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Roblox Corp is an online entertainment platform, where users can interact with each other to explore and develop immersive, user-generated and 3D experiences. The platform offers a wide range of online games for kids, teens, and adults.

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