Analysts Signal Confidence in RBLX Stock With Buy Ratings and Forecast

Wallstreet analyst sets lower price target for RBLX, but Needham maintains their buy rating, signaling confidence. There are 27 guy ratings and only 3 sell ratings for RBLX. Long term forecast shows a potential price target of $35 for RBLX

Wedbush analyst sets RBLX price target at $28

Roblox (RBLX) Gets a Hold Rating from Wedbush. Wedbush analyst Nick McKay just released an updated price target for Roblox corporation (NYSE: RBLX). The price target is set at $28 per share. This represents a -3.11% downside for shareholders. McKay foresees a “better risk/reward” for RBLX stock. With that, he set a price target of $28. Moreover, the analyst expects Roblox corporation's market share to continue increasing. If these predictions pan out, there just might be a turnaround moment for RBLX stock in the coming year.

Needham maintains Buy rating for RBLX, signaling confidence

As of Jul 13, 2022, Needham rates RBLX as a buy, compared to their previous rating of buy for RBLX. In total there are 44 RBLX analyst ratings. Here is the current analyst rating distribution for RBLX, there are 27 Buys, 14 Holds, and 3 Sells. Analyst ratings have provided relatively strong indicators of future price movement, which is why they are used to determine if RBLX is a buy or sell.

The forward-looking forecast shows a RBLX price target of $35 per share

RBLX has experienced a 3-Year Earnings Growth Per Share of -11.52%. Assume RBLX continues to grow Revenue and Earnings at a similar rate for the next three years, then the RBLX stock forecast for 2025 will follow a similar growth trajectory. With RBLX Earnings Per Share of -0.88 projected out at the 3-year growth rate gives us a future EPS of -0.78. If the current RBLX Price to Earnings Ratio is -45.22 (and it remains the same) then we determine the RBLX stock forecast by multiple the P/E by the EPS to give us a stock price prediction of $35.19 per share.