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Roblox Stock (RBLX) Drops on 'Perfect Place for Pedophiles' Lawsuit
Roblox (RBLX) stock took a beating on Friday after Louisiana Attorney General Liz Murrill filed a lawsuit against the video game platform. The lawsuit alleges that the failure of the company to develop safety protocols has created a platform that is the 'perfect place for pedophiles.' Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. The lawsuit takes issue with the age verification system on the platform, which allows users to easily lie about their age and access areas designed for children. Murrill argues the company's current system 'prioritizes user growth, revenue, and profits over child safety,' and that it has intentionally or recklessly created a platform that puts children in danger. Child safety is a major concern for Roblox, as roughly 20% of its users are age nine or under. With such a large audience made up of children, the company needs to be strict in how it manages content. However, it has failed to do so, with player-made content such as 'Escape to Epstein Island' and 'Diddy Party' being available on the platform. Roblox Blocks Predator Hunter Schlep The lawsuit from Attorney General Murrill comes in the same week as Roblox's ban of YouTuber Schlep. Schlep, who has over 600,000 subscribers, specifically hunted child predators on Roblox. His reports have resulted in several arrests. He was inspired to do this after he was allegedly groomed on the platform and was unsatisfied with Roblox's response. on Friday but remained up 101.81% year-to-date. The shares have also rallied 208.65% over the past 12 months. Is Roblox Stock a Buy, Sell, or Hold? Turning to Wall Street, the analysts' consensus rating for Roblox is Strong Buy, based on 16 Buy, three Hold, and a single Sell rating over the past three months. With that comes an average RBLX stock price target of $145.20, representing a potential 23.92% upside for the shares.


Business Insider
an hour ago
- Business Insider
RBC Capital Keeps Their Hold Rating on Credit Agricole (0HAI)
In a report released on August 14, Anke Reingen from RBC Capital maintained a Hold rating on Credit Agricole, with a price target of €18.00. The company's shares closed last Thursday at €17.14. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. According to TipRanks, Reingen is a 5-star analyst with an average return of 20.0% and a 71.26% success rate. Reingen covers the Financial sector, focusing on stocks such as UBS Group AG, Deutsche Bank AG, and Julius Baer Group Ltd. In addition to RBC Capital, Credit Agricole also received a Hold from Morgan Stanley's Giulia Miotto in a report issued on August 8. However, on August 7, UBS maintained a Buy rating on Credit Agricole (LSE: 0HAI). Based on Credit Agricole's latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of €2.39 billion. In comparison, last year the company earned a revenue of €6.38 billion and had a net profit of €1.83 billion


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an hour ago
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Julius Baer Group Ltd (BAER) Gets a Buy from RBC Capital
In a report released on August 14, Anke Reingen from RBC Capital maintained a Buy rating on Julius Baer Group Ltd, with a price target of CHF65.00. The company's shares closed yesterday at CHF57.66. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. According to TipRanks, Reingen is a 5-star analyst with an average return of 20.0% and a 71.26% success rate. Reingen covers the Financial sector, focusing on stocks such as UBS Group AG, Deutsche Bank AG, and Julius Baer Group Ltd. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Julius Baer Group Ltd with a CHF59.98 average price target, implying a 4.02% upside from current levels. In a report released on July 28, Deutsche Bank also maintained a Buy rating on the stock with a CHF63.00 price target.