Indeed, in the second quarter (Aug’22) Roblox reported a fall in bookings yoy – despite a rise in quarterly revenue by 30%. The battle against gravity came to a crashing end on Monday for Roblox (NYSE: RBLX).Shares of the red-hot videogame company tumbled 10. Investors are rightly particularly concerned that with the full reopening of the economy, its young users will be less inclined to stay in the Roblox gaming ecosystem. Our guide will help you invest in Roblox’s offering and be prepared for your first day of trading. The chart below sketches the Roblox share price’s roller-coaster ride during 2021/22. Now, RBLX trades around at $40 which values the company at just $24 billion. From its peak, the company plunged 84% in six months. The withdrawal of covid-stimulus in late 2021 created many loss-making tech stocks. Roblox’s bull run in the public arena was a brief one. Since Roblox listed on the NYSE at $64.50 per share, the Roblox share price is now down over 40% Later that year, Roblox’s share price peaked at around $140 ($77 billion market cap).
In early February 2020, the firm was valued at just over $4 billion.Ī mere 12 months later, the California-headquartered gaming firm soared to a market capitalisation of $38 billion when it listed on the NYSE via an IPO. The average price target is 114.40 with a high forecast of 150.00 and a low. Founded in 2006 by David Baszucki and Erik Cassel, Roblox’s fortune soared when everyone was quarantined at home with nothing better to do. The above is based on 10 Wall Street analysts offering 12-month price targets for Roblox in the last 3 months.
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