Roblox Stock Tanks After Surge of Lawsuits and Global Bans
Warning! GuruFocus has detected 6 Warning Signs with RBLX.
The Louisiana Attorney General filed a lawsuit against Roblox, claiming the company failed to implement robust safety protocols, creating opportunities for child predators. Meanwhile, a federal lawsuit in California added to pressure, with reports indicating over 300 legal actions tied to child exploitation.
Internationally, Qatar banned the platform this week, following Turkey, Iran, China, Jordan, and Oman, citing threats to minors' safety and moral standards. The ban comes amid viral social media attention, notably a YouTuber, Schlep, who conducted a sting operation leading to six arrests. Roblox responded by banning his accounts and issuing a cease-and-desist notice, while safety officials emphasized that vigilante actions, though well-intentioned, create risks for users.
Oppenheimer analysts admit the consistency of policies used by the company but indicate that the crisis highlights the conflict between the company's business model and the need to protect the young users. The counterstrike demonstrates the stakes of the online gaming industry as the government and social sites are growing more regulatory across the world.
Based on the one year price targets offered by 31 analysts, the average target price for Roblox Corp is $134.95 with a high estimate of $175.00 and a low estimate of $30.00. The average target implies a upside of +15.76% from the current price of $116.57.
Based on GuruFocus estimates, the estimated GF Value for Roblox Corp in one year is $91.99, suggesting a downside of -21.09% from the current price of $116.57.
This article first appeared on GuruFocus.
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