Goldman slashes price target on Roblox Corporation [RBLX] – find out why.


Roblox Corporation [NYSE: RBLX] price plunged by -8.98 percent to reach at -$2.74. The company report on June 9, 2022 that Tech Leaders: NEXCF, RBLX AUVI, AIMLF; Visionary CEOs Advancing Next Wave of Multi-Billion Dollar Growth Opportunities in Metaverse, HealthTech Wearables, and Clean Air Technologies.

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Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from CEO’s of: Roblox Corporation (NYSE: RBLX), NexTech AR Solutions (OTC: NEXCF) (CSE: NTAR) Applied UV (NASDAQ: AUVI), and AI/ML Innovations (OTC: AIMLF) (CSE: AIML). Today’s emerging technologies and lifestyle megatrends are creating billion dollar opportunities for disruptive innovation in how we live, work and play. Wall Street Reporter highlights the latest comments from industry thought leaders shaping our world today, and in the decades ahead:.

NexTech AR Solutions (OTC: NEXCF) (CSE: NTAR) CEO Evan Gappelberg: “On-Ramp to Metaverse & Web 3.0 for $5.5 Trillion E-Commerce Market”NexTech AR (OTC: NEXCF), a featured presenter at Wall Street Reporter’s “Next Super Stock” investor conference series, recently shared with investors how NEXCF is emerging as a key player in the $5.5 trillion global e-commerce market transition to web 3.0 and the metaverse. NEXCF Augmented Reality solutions enable to view products in lifelike 3D, in their own living room. This AR shopping experience bridges the gap between the physical world, and what was once a flat 2D online e-commerce experience. NEXCFs AR shopping experience is a ‘game changer’ for the 5.5 trillion global e-commerce industry (source: Statisa 2022).Watch NEXT SUPER STOCK (OTC: NEXCF) (CSE: NTAR) Video:

A sum of 25066363 shares traded at recent session while its average daily volume was at 28.26M shares. Roblox Corporation shares reached a high of $29.92 and dropped to a low of $27.67 until finishing in the latest session at $27.76.

The one-year RBLX stock forecast points to a potential upside of 29.22. The average equity rating for RBLX stock is currently 2.20, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Roblox Corporation [RBLX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RBLX shares is $39.22 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RBLX stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Goldman have made an estimate for Roblox Corporation shares, keeping their opinion on the stock as Sell, with their previous recommendation back on June 10, 2022. The new note on the price target was released on May 24, 2022, representing the official price target for Roblox Corporation stock. Previously, the target price had yet another raise to $28, while Wedbush analysts kept a Neutral rating on RBLX stock. On April 19, 2022, analysts decreased their price target for RBLX shares from 108 to 50.

The Average True Range (ATR) for Roblox Corporation is set at 3.50, with the Price to Sales ratio for RBLX stock in the period of the last 12 months amounting to 8.74. The Price to Book ratio for the last quarter was 29.22. Price to Free Cash Flow for RBLX in the course of the last twelve months was 34.25 with Quick ratio for the last quarter at 1.70.

RBLX Stock Performance Analysis:

Roblox Corporation [RBLX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.47. With this latest performance, RBLX shares gained by 15.81% in over the last four-week period, additionally sinking by -76.13% over the last 6 months – not to mention a drop of -70.09% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RBLX stock in for the last two-week period is set at 42.67, with the RSI for the last a single of trading hit 40.80, and the three-weeks RSI is set at 42.78 for Roblox Corporation [RBLX]. The present Moving Average for the last 50 days of trading for this stock 34.53, while it was recorded at 30.74 for the last single week of trading, and 68.46 for the last 200 days.

Insight into Roblox Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Roblox Corporation [RBLX] shares currently have an operating margin of -23.16 and a Gross Margin at +22.27. Roblox Corporation’s Net Margin is presently recorded at -25.62.

Return on Equity for this stock declined to -295.79, with Return on Assets sitting at -15.34.

Roblox Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 1.70.

Roblox Corporation [RBLX] Insider Position Details

There are presently around $9,792 million, or 66.00% of RBLX stock, in the hands of institutional investors. The top three institutional holders of RBLX stocks are: ALTOS VENTURES MANAGEMENT INC. with ownership of 82,781,796, which is approximately 0% of the company’s market cap and around 0.80% of the total institutional ownership; MORGAN STANLEY, holding 39,819,662 shares of the stock with an approximate value of $1.11 billion in RBLX stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $668.27 million in RBLX stock with ownership of nearly 10.024% of the company’s market capitalization.

Positions in Roblox Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 383 institutional holders increased their position in Roblox Corporation [NYSE:RBLX] by around 51,259,492 shares. Additionally, 327 investors decreased positions by around 65,519,127 shares, while 82 investors held positions by with 235,976,351 shares. The mentioned changes placed institutional holdings at 352,754,970 shares, according to the latest SEC report filing. RBLX stock had 124 new institutional investments in for a total of 15,388,991 shares, while 189 institutional investors sold positions of 9,316,680 shares during the same period.