In general, a median price goal of $89 is expected, with a high prediction of $103 and a low of $70 forecasted. With that being said, seven Wall Street stock trading analysts have provided 12-month price estimates for RBLX over the past three months. In contrast, a resistance zone spanning from $87.24 to $87.88 was created by combining various trend lines over different time frames, while resistance around $90.34 was noted from a horizontal line in the daily time frame. Nevertheless, a support zone spanning from $70.22 to $71.09, established by the convergence of various trend lines over different time periods, stands out when looking at the support. Lampen told investors in a note that his tracking of gift card activity and new user sign-ups suggests fourth-quarter bookings are slightly ahead of consensus expectations, but revenue and daily active users are expected to come in “slightly shy.At the moment, Roblox doesn’t offer an entirely decent setup as the price movement has been a little bit too volatile to find a solid entry and exit point hence, it is wise to wait for some consolidation first.

He cut the price target to $48 from $51, maintaining a Buy rating. Last week, BTIG analyst Clark Lampen also lowered the firm's price target on Roblox after updating his model ahead of its December metrics report. He told investors that Roblox December KPIs are likely to be issued on or around January 17 and added that the importance of this release is notable as December has historically been Roblox's largest month of the year in regards to bookings.Ĭrum believes a strong December is needed in order to meet expectations and “reverse sentiment following what was deemed a disappointing set of KPIs for November.”

The analyst's assumptions for 2022 are mostly unchanged, with bookings at $2.817 billion, but he has cut his 2023 forecasts. 800+ tradable assets are available for CFD trading in forex, shares, indices, commodities and cryptocurrencies.

Roblox estimated stock price