Roblox’s discounted stock has also attracted the attention of Wall Street star investor Cathie Wood, who appears enticed by the prospect of catching RBLX’s falling knife. “We calculate that if international penetration trends mimic the US’s current level over the next 4 years, Roblox would still have sufficient runway to more than double total DAUs by FY25 from aging-up alone,” explained Benjamin Black in a Deutsche Bank note that was obtained by CNBC. Shares of RBLX stock has attained a heavy ‘buy’ rating among analyst consensus ratings, which is constructed of 10 ‘buy’ ratings, three ‘hold’ ratings, and one single ‘sell’ rating offered by experts. Furthermore, analysts’ consensus price on the stock has been found to be even higher, reaching a prediction of $86.46 for the stock. This represents an upside of almost 40% at the time of writing. Roblox’s tumbling price has begun to attract widespread investor interest from onlookers who believe that the stock has fallen too far for the level of potential it has in a metaverse-driven future.Īccording to Benjamin Black, a Deutsche Bank analyst, investors can feasibly target a future price of $60 on the stock. The industry needs to move quickly in this space.” The Ultimate Discounted Price Unity is betting on becoming a leader in the metaverse by creating 3D content in AR and VR. “They need to offer much better graphics in games. “As the metaverse unfolds in 2022, companies like Roblox or Unity have a lot of work ahead of them,” said Maxim Manturov, head of investment advice at Freedom Finance Europe. However, many commentators believe that the company still has a long way to go before it’s ready for the metaverse, and as such, investors should be wary of banking on the asset as a metaverse stock. Roblox’s notion of selling virtual currency to players, which can subsequently be used to buy digital items within the game has also led to some major partnerships with entities like the NFL and Nike. The concept behind Roblox, which operates as an open gaming platform that allows users to create their very own worlds in which they can interact with other users online has captured the imagination of many metaverse enthusiasts. Likewise, the company’s loss per share was far worse than expectations, standing at 25 cents, as opposed to the expected 13 cents.ĭespite the shortcomings, the company did report 33% more daily active users year-over-year, which grew to 49.5 million. In terms of revenue, Roblox took in $770 million, which fell $2 million short of expectations calculated by Refinitiv consensus estimates. Fighting the Freefallĭespite falling victim to a wider metaverse sell-off, Roblox shares tumbled more than 11% in mid-February following the announcement that the company had missed its Q4 expectations on both the top and bottom lines. Zooming out into what’s been a rollercoaster year for Roblox, in which metaverse investing really gathered momentum before embarking on a widespread decline, we can see that the video game developer initially enjoyed a sharp acceleration of investor interest before momentum quickly fell away and the company’s share price collapsed below the comfortable range it had spent much of 2021 nestled in.
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