Wells Fargo Reiterates Buy Rating on Roblox Corporation
Wells Fargo maintains its buy rating on Roblox with a $56 price target, a 2.98% upside from the current price.
Key Points
- On June 30, 2026, Wells Fargo reiterated its buy rating on Roblox Corporation (NYSE:RBLX) with a price target of $56.
- Wells Fargo's $56 price target implies 2.98% upside from Roblox Corporation's ($RBLX) current $54.38 share price.
- Shares of Roblox traded near $54.34 on Tuesday with a market cap of about $34 billion, despite its lack of profitability.
- FMR LLC increased its stake slightly, while BlackRock trimmed its holdings by over 2.4 million shares.
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Wells Fargo reiterated its buy rating for Roblox Corporation (NYSE:RBLX) on June 30, 2026, maintaining a price target of $56. Analyst Ken Gawrelski expressed continued confidence in the company's future prospects.
Wells Fargo vs. the S&P 500
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Other Institutional Activity in Roblox Corporation
FMR LLC slightly increased its stake in Roblox by 186,569 shares, bringing its total to approximately 46.6 million shares valued at $2.64 billion. Meanwhile, BlackRock, Inc. reduced its holdings by over 2.4 million shares, now holding 39.1 million shares worth about $2.21 billion. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both established new positions with 30.6 million and 28.6 million shares, respectively. Morgan Stanley also increased its stake by 2.34 million shares, ending with 23.1 million shares valued at $1.31 billion.
Roblox Corporation Stock Up 41.1%
Shares of Roblox Corporation (NYSE:RBLX) were trading around $54.34 on Tuesday. The company, with a market cap of roughly $34 billion, currently lacks a meaningful P/E ratio due to its unprofitability. Roblox's 52-week range spans from $40.15 to $150.59, with a 50-day moving average of $48.02 and a 200-day moving average of $79.48. The company's beta is 1.444, indicating higher volatility compared to the market.
$RBLX price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Roblox reported revenues of approximately $5.3 billion, showing a growth of 39.3%. However, the company faces challenges with a negative net margin of 20.69% and a return on equity of -3.12%. Its next earnings report is scheduled for July 30, 2026.
Insider Buying and Selling at Roblox Corporation
On June 15, 2026, Amy Marie Rawlings, the Chief Accounting Officer, acquired 32,275 shares. Earlier, on June 8, Mark Reinstra, the Chief Legal Officer, sold 5,978 shares at an average price of $41.71 under a pre-planned trading plan.
Analysts Set New Price Targets
Wells Fargo maintained its buy rating for Roblox with a $56 price target on June 30, 2026. DA Davidson kept a hold rating with a $45 target on May 22, while Piper Sandler downgraded the stock to hold with a $50 target on May 5. The consensus among analysts is a buy rating, with a mean price target of $64.81 based on 32 opinions.
About Roblox Corporation
Roblox Corporation operates an immersive platform that connects users for communication and entertainment globally. It offers tools like Roblox Client for exploring experiences, Roblox Studio for developers to create content, and Roblox Cloud for powering its platform. Headquartered in San Mateo, California, the company is led by CEO David Baszucki and employs about 3,065 people.
Bottom Line
Wells Fargo's continued buy rating on Roblox underscores the potential seen by analysts despite current financial challenges. Investors and analysts alike will be closely watching the company's upcoming earnings report for further insights. As always, remember that analyst ratings are opinions and the 13F filings reflect past positions.
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