In turn, Roblox will struggle to move much higher than what it trades for today. The sell side will wind up lowering its revenue and earnings projections. Wall Street’s estimates currently do not fully take this into account. Their rationale? While the analysts believe the company still has a massive total addressable market (as much as 1 billion users in the long run), the company’s growing pains will continue in the near-term.
Handler and Kulkarni give RBLX stock the equivalent to a “hold” rating, and a $55 per share price target. 7 Stocks Hit Hardest by Supply Chain Issues.But the one that right now is attracting the most attention is the most recent one, issued by a pair of analysts (Eric Handler, Rohit Kulkarni) from MKM Partners on Mar 30. RBLX Stock and The Sell Side’s Latest TakeĪccording to, three sell side firms initiated coverage on Roblox during March.
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