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Roth Capital Adjusts Roblox (NYSE:RBLX) Rating and Price Target
Financial Modeling Prepยท 2025-10-17 17:05
Core Insights - Roth Capital adjusted its rating for Roblox (NYSE:RBLX) to Neutral, maintaining a hold action, and raised the price target from $138 to $146 [1][6] - Roblox announced an expanded collaboration with Mattel, introducing new games and experiences based on popular brands like Barbie and Hot Wheels, with the first experience launching on October 24 [2][4] - Despite positive developments, Roblox's stock price decreased by 2.94% to $134.49, with a market capitalization of approximately $93.23 billion [3][5] Company Developments - The collaboration with Mattel is expected to enhance user engagement with Mattel's brands on Roblox's platform, building on previous successes like "Barbie DreamHouse Tycoon" [4] - The current trading volume for Roblox is 6,140,937 shares, indicating active investor interest despite recent challenges [5] Market Performance - Roblox's stock traded between a low of $133 and a high of $139.01 on the day of the report, with a yearly high of $150.59 and a low of $39.30 [3]