This median price target suggests a 14.4% upside. With that being said, according to Wall Street consensus, the stock price is going to reach $35 in the next 12 months. Since RBLX only started trading in 2021, it’s difficult to make bold predictions about the stock price. Track all markets on TradingView Roblox Stock Forecast 2023 The company will charge a 70% commission for such transactions before they release the Robux payments to the creators who in turn can exchange it for real currency.

Players can then use Robux to buy in-game features and customizations made by game creators. The company provides its virtual currency, Robux, to users in exchange for real currency. The platform was released by David Baszucki (co-founder and CEO) and Erik Cassel (deceased co-founder) back in 2006. Roblox allows its users to create games, but also play games that are created by other users. Since its inception, the company has been developing an online game platform and game creation system called Roblox. Roblox Corporation, founded in 2004 and headquartered in San Mateo, California, is a US video game developer. Let’s have a look at the business model of Roblox Corporation first… Business Overview of Roblox Corporation In this post, we will examine what Wall Street predicts for RBLX, some key prospects of the business, and how the stock price behaved up until now.

With the company being a key Metaverse player and the stock trading at a discount to the IPO valuation, many investors will naturally wonder how the price is going to move in the future. Since the IPO, the stock’s price was cut in half. Roblox Corporation, a US video game developer, got its stock (RBLX) trading on NYSE in 2021. It is not intended to be relied upon as a professional or financial decision-making tool. The information presented is general in nature and may not meet the specific needs of any individual or entity. This content represents the writer’s opinions and research and is not intended to be taken as financial advice.

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