Roblox (RBLX)

• Market cap: $43.4B
• 1 day: 0.87%
• 5 days: 6.36%
• 1 month: 11.52%
• 3 months: 63.98%
• 6 months: 61.22%
• Year to date: 12.34%
• 1 year: 63.29%
• 5 years: -4.89%
• 10 years: -4.89%
• Sector: Information Technology
• Industry: Prepackaged Software

About: Roblox operates an online video game platform with 80 million daily active users that lets young gamers create, develop, and monetize games (or "experiences") for other players. The firm offers its developers a hybrid of a game engine, publishing platform, online hosting and services, marketplace with payment processing, and social network. The platform is a closed garden that Roblox controls, earning $3.5 billion in bookings in 2023 through in-game purchases and advertising while benefiting from outsourced game development. Unlike traditional video game publishers, Roblox is more focused on the creation of new tools and monetization techniques for its developers than creating new games or franchises.

Employees: 2,457

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

68% more first-time investments, than exits

New positions opened: 99 | Existing positions closed: 59

18% more capital invested

Capital invested by funds: $17.5B [Q2] → $20.7B (+$3.2B) [Q3]

11% more call options, than puts

Call options by funds: $1.04B | Put options by funds: $935M

8% more funds holding in top 10

Funds holding in top 10: 24 [Q2] → 26 (+2) [Q3]

5% more funds holding

Funds holding: 627 [Q2] → 658 (+31) [Q3]

10% more repeat investments, than reductions

Existing positions increased: 214 | Existing positions reduced: 195

1.25% less ownership

Funds ownership: 79.49% [Q2] → 78.24% (-1.25%) [Q3]

Research analyst outlook

17 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $49 26% downside
• Avg. target: $61 7% downside
• High target: $76 15% upside

17 analyst ratings

• positive: 15 88%
• neutral: 2 12%
• negative: 0 0%

Wells Fargo Ken Gawrelski 68% 1-year accuracy 34 / 50 met price target	15% upside $76	Overweight Maintained	16 Jan 2025
Morgan Stanley Matthew Cost 100% 1-year accuracy 6 / 6 met price target	13% upside $75	Overweight Maintained	13 Jan 2025
JP Morgan Cory Carpenter 50% 1-year accuracy 10 / 20 met price target	9% upside $72	Overweight Maintained	10 Jan 2025
HSBC Mohammed Khallouf 100% 1-year accuracy 2 / 2 met price target	5% downside $63	Buy Initiated	12 Dec 2024
Raymond James Andrew Marok 50% 1-year accuracy 8 / 16 met price target	9% downside $60	Strong Buy Reiterated	22 Nov 2024