The average price target is just under $90 - which represents only 8% upside from current levels. Wall Street analysts are on average, slightly less than bullish. The stock is trading 19% higher than its first day of trading, and over 80% higher than its IPO price. The stock briefly touched $100 per share, before falling down to $83 per share. Roblox Stock PriceĪfter pricing its initial public offering at $45 per share, RBLX closed its first day of trading at $69.50 per share. In spite of the overvaluation, it is possible that RBLX can outperform to the upside - but that would be assuming unrealistic expectations. I also explain why RBLX is likely to struggle with generating meaningful net margins, which makes it easy to form the case that the stock is currently overvalued. I explain why I expect growth rates to decelerate rapidly in future quarters. The online game platform at one point traded over 100% higher than its IPO price, and has been generating strong revenue growth even as it laps pandemic quarters. Roblox ( NYSE: RBLX) was one of the highly anticipated IPOs this year.
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