RBLX Stock Recent News

Roblox: A Potential Free Cash Flow Powerhouse

In the latest trading session, Roblox (RBLX) closed at $44.18, marking a -1.54% move from the previous day.

Roblox is posting very strong growth, but its stock still trades far below its previous high. Despite challenging end-market trends, software company PTC keeps generating double-digit growth in its key metric.

In the closing of the recent trading day, Roblox (RBLX) stood at $46.03, denoting a -0.58% change from the preceding trading day.

Roblox Inc. NYSE: RBLX is a unique online platform with three main functions: a game-creation platform, a game-playing platform, and a social networking platform. Users can create games and monetize them with its user-friendly tools and resources using the Roblox Studio.

Roblox NYSE: RBLX has become one of the world's most popular video games over the past several years. Based on average monthly users among PC games, the game ranked second in July this year, only behind Minecraft.

Roblox CEO David Baszucki joins ‘Closing Bell Overtime' to discuss the company's plan to capture 10% of global gaming revenues, their partnership with Shopify, and more.

Roblox will roll out paid videogames on its platform and allow developers to sell physical merchandise through their created games, the company said on Friday.

Roblox is attempting to court more developers with real-world dollars in the company's latest effort to expand and diversify its business. The new model was announced as part of the company's annual developer conference on Friday in San Jose, California.

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?