Latest news with #Roblox
Business Insider
a day ago
- Business
- Business Insider
Cathie Wood Offloads Roblox (RBLX) and Coinbase Stocks amid Strong Rallies
Cathie Wood's ARK Invest ETFs (exchange-traded funds) made some interesting trade moves on Thursday. The ace hedge fund manager offloaded shares of fintech trading platform Robinhood (HOOD) and American online game platform company Roblox Corp. (RBLX). The moves suggest ARK is locking in gains as both stocks have rallied lately, possibly rebalancing positions after strong price runs. Confident Investing Starts Here: Wood Dumps Roblox Stock On June 26, Cathie Wood's ARK Investment sold 247,753 shares of Roblox for approximately $18.77 million, marking a notable reduction in its stake in the gaming platform. The move likely reflects profit-taking, as Roblox shares have been on a strong run. The stock rose over 2% on Thursday and recently hit a new 52-week high, its highest level since late 2021. The rally has been fueled by growing user engagement, better monetization, and the company's expansion into immersive digital content. Adding to the bullish outlook, Oppenheimer's Top analyst, Martin Yang, recently raised his price target on the stock from $80 to $125 while keeping a Buy rating. The firm also sees potential in Roblox's ad revenue and its ability to win market share from rivals. What is Roblox Stock's Price Target? According to TipRanks, Wall Street has a Moderate Buy consensus rating on RBLX stock, based on 15 Buys, five Holds, and two Sells assigned in the last three months. The average Roblox stock price target of $81.45 implies a 22.43% downside potential. Wood Offloads Coinbase Stake Alongside Roblox, ARK Invest also trimmed its position in Coinbase, selling 33,363 shares worth about $11.86 million. The sale likely reflects a mix of profit-taking and portfolio rebalancing as crypto stocks surge. Coinbase shares jumped 5.5% on Thursday to close at a record $375.07, topping their previous all-time high from November 2021. The rally comes amid rising optimism over the growing acceptance of cryptocurrencies. Since the Senate passed a key crypto bill last week, the stock has surged over 45%. The strong run has also caught the attention of analysts. Yesterday, Oppenheimer's Top analyst, Owen Lau, raised his price target on Coinbase from $293 to $395, keeping a Buy rating. He sees the company as a major winner in the broader adoption of blockchain technology. Is COIN Stock a Good Buy? Turning to Wall Street, analysts have a Moderate Buy consensus rating on COIN stock based on 13 Buys, 11 Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average COIN price target of $287.88 per share implies 23.3% downside potential.
The Star
a day ago
- Entertainment
- The Star
Roblox's Grow A Garden explodes online video game numbers
More than 21 million players connected to Grow A Garden at the same time on June 21, buying seeds to cultivate a little patch of virtual land, harvesting crops, selling their produce and nicking stuff from other players' plots. — Roblox PARIS: A gardening game created by a teenager on online platform Roblox has attracted a record 21 million simultaneous players, a figure rarely seen in the industry. "You could quite easily never have heard of Grow A Garden ... and yet it is by some measures the biggest video game at the moment," Dom Tait, an analyst with UK firm Omdia, told AFP. More than 21 million players connected to Grow A Garden at the same time on June 21, buying seeds to cultivate a little patch of virtual land, harvesting crops, selling their produce and nicking stuff from other players' plots. That shattered the record held by the adrenalin-packed Fortnite , which attracted 15 million concurrent users (CCUs) during an event in late 2020 featuring characters from the Marvel universe. "It's enormous," Tait said of Grow A Garden 's success. He said it was difficult to say categorically if the sedate farming-themed game had broken all CCU records because other platforms do not necessarily publish numbers for other hugely popular games, such as Honor Of Kings . "(But) I think we can be confident it's a record for Roblox because Roblox has given us these these figures," he said. Roblox, which is popular with children and teenagers, was released in 2005 and is now available on almost all consoles and on mobile phones. It has morphed into an online gaming platform – one of the world's largest – where players can programme their own games and try out other users' creations. Games on the platform are free to play. Roblox makes its money through a range of revenue streams, including in-game purchases, advertising and royalty fees. Created in three days Grow a Garden appeared in late March, developed by a teenager about whom little is known. Game development group Splitting Point Studios soon snapped up a share. The original creator "literally made the game in, like, three days", Splitting Point CEO Janzen Madsen told specialist website Game File. Tait says the success of Grow A Garden , with its simple graphics and basic mechanics, can be explained by its comforting nature. "There's not much danger. There's not much threat. You just sort of go on and do things and just sort of have a gentle experience," he said. He pointed to the satisfaction players derived from seeing their garden evolve, even when they are not connected. A bit like a real garden, only quicker. The concept is reminiscent of Animal Crossing , a simulation of life in a village populated by cute animals that became a soothing refuge for many players during the first Covid lockdowns in 2020. For specialist site Gamediscover, another attraction of Grow A Garden is the ease with which players can get to grips with the game – a bonus for Roblox, which said 40% of the platform's users last year were under 13. Massive audience It is difficult to know exactly how much Grow A Garden has earned for its developers. But Tait said those who created the best paid experiences received "about 70%" of the money spent by gamers "with Roblox taking the rest". Roblox says on its website it paid out US$923 million to developers in 2024. "It is big money. So there's a little bit of nervousness in the industry about, 'Is Roblox taking away the audience that would otherwise have spent hundreds of pounds on a console and bought my console games?'" These sums demonstrate the weight in the video game industry of behemoths like Roblox and Fortnite , which have recently peaked at 350 and 100 million monthly players respectively. "Both places provide a massive audience – as large as any single console platform audience – and they provide awesome opportunities for creators," Tim Sweeney, the CEO of Fortnite publisher Epic Games, told The Game Business website. Beyond its success, Roblox has also come in for criticism. US investment research firm Hindenburg Research published a report in 2024 accusing the platform of inflating its monthly active player count and not sufficiently protecting users from sexual predators. In response, Roblox rejected Hindenburg's "financial claims" as "misleading" and said on its investor relations website it had "a robust set of proactive and preventative safety measures designed to catch and prevent malicious or harmful activity". – AFP
Yahoo
a day ago
- Business
- Yahoo
Jim Cramer Says 'Roblox Goes Higher'
Roblox Corporation (NYSE:RBLX) is one of the 12 stocks on Jim Cramer's radar recently. A caller asked for Cramer's thoughts on the company, and he said: 'Roblox goes higher. Dave Baszucki, it turns out to be the real deal, and I know that some people were concerned that they weren't doing the right thing, ethically. I see it. I think Baszucki, ethical man, ethical product. People really like it.' A person taking lessons through Roblox Education, expanding their knowledge and skills. Roblox (NYSE:RBLX) operates a platform for creating, sharing, and engaging with immersive 3D content. The company offers development tools and infrastructure services that support user-generated virtual experiences and real-time interaction. On June 5, parsing the 'new high' list, Cramer remarked: 'There's no real theme to the other stocks on the list… Then there are two one-offs, Roblox and Mosaic. The game of Roblox is something that fascinates kids. It may be too much for all I know, but the point is it's insanely popular. It's done nothing but go up ever since it was attacked by short seller[s]. I gotta tell you, I think that it's cleaned up its act. I think it's terrific.' While we acknowledge the potential of RBLX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Sign in to access your portfolio
Time of India
a day ago
- Entertainment
- Time of India
How to get Mimic Octopus in Grow a Garden
(Image via Roblox) The Mimic Octopus is one of the newest pets to be introduced into Grow a Garden, and it was made available as part of the latest Summer Harvest Update. It is quite rare and falls under the Mythical category, so obtaining it inside the game is a pretty challenging task. Mimic Octopus' ability is quite unique, as it ends up copying the ability of the other pets that you have roaming around in your garden. If you are interested in learning more about the specific pet, you are at the right place. Here's everything that you need to know about the Mimic Octopus in Roblox Grow a Garden. Obtaining Mimic Octopus in Grow a Garden HOW TO GET MIMIC OCTOPUS PET SHOWCASE in GROW A GARDEN! | Roblox The Mimic Octopus in Grow a Garden is obtainable through the newly introduced Paradise Egg. This specific egg is purchasable directly from the Pet Egg Store, and would require you to spend a hefty amount of Sheckles. Essentially, the egg is priced at 50 million Sheckles and takes 6 hours and 40 minutes to hatch. It is important to keep in mind that the chance of hatching a Mimic Octopus from the egg is a mere 1%, and you would have to hatch loads of Paradise Eggs to even stand a chance. This is what makes the pet quite rare in Grow a Garden, and it would take you a lot of efforts and great amounts of luck to obtain it. What's Mimic Octopus' ability in Grow a Garden Mimic Octopus possesses a remarkable passive ability in Roblox Grow a Garden, and it enables you to mimic and copy the shape and abilities of a random pet. This takes place every 19 minutes and 56 seconds, and allows you to even access the abilities of pets you don't even own. This also bypasses the norm of having a maximum of three active abilities at a time, as the Mimic Octopus' passive ability can turn out to be an active one, while it copies a pet. It's like having a wild card that keeps changing and helping you in different ways. Other pets in the Paradise Egg Besides the Mimic Octopus, the Paradise Egg features the following pets: Ostrich (40% chance) - The most common pet from this egg Peacock (30% chance) - A mid-tier pet Capybara (21% chance) – A pretty good pet, which keeps nearby pets from getting hungry and gives them extra XP Scarlet Macaw (8% chance) – Also a wonderful pet with a nice ability that helps your plants grow better. Thus, when you hatch a Paradise Egg, you may also end up receiving these pets instead of the Mimic Octopus. Game On Season 1 continues with Mirabai Chanu's inspiring story. Watch Episode 2 here.
Time of India
a day ago
- Entertainment
- Time of India
All active Roblox Volleyball Legends codes (June 2025)
Image via Volleyball Legends Volleyball Legends is an extremely popular sports game that you can play on Roblox, and it has particularly taken inspiration from the anime/manga series 'Haikyu!!'. Within the same, you have to head onto the volleyball court and engage in fun matches. To get free rewards in Volleyball Legends, you can end up using the different codes that are being made available by the developers. These codes are the perfect way to get in-game items without putting in much efforts. The developers release them occasionally, and they can directly be used inside the game. Here is a list of all the working codes for Roblox Volleyball Legends. Active Roblox Volleyball Legends codes to use for free rewards Use these codes and get free rewards (Image via Volleyball Legends) The following codes are currently working and can be redeemed to get free spins in Roblox Volleyball Legends: 900K_MEMBERS – 5x Lucky Style spins UPDATE_24 – 5x Lucky Style spins QOL – 5x Lucky Ability spins The codes have a tendency to expire after a certain period of time, which is why you must utilize them as soon as possible. Once redeemed, you can use the relevant rewards to get better in Volleyball Legends. To find out about the new codes, you can follow the developers on their social media handles, and also join the communities of the game. Expired Roblox Volleyball Legends codes These codes earlier worked but have now expired: 1M_Likes UPDATE_20 SEASON_3 TWINS_ARE_HERE SILLY_POTIONS RANKED_FIX RANKED_FIXING 200K_LIKES 400M_VISITS SEASON1 UPDATE5 TIMESKIP EASTER_EGGS TAICHOU_SHELLS 750K_MEMBERS SUPER_DIVE UPDATE_19 1.6_M_MEMBERS 1.7M_FAVS 650M_VISITS SEASON_3 SECRET_ABILITY PROTORI_50K UPDATE1 175MILLION_VISITS OP_LIBERO 2M_FAVS 1_MIL_FAVS COOKED 175MILLION_VISITS 850K_MEMBERS NEW_NAME PRACTICE_AREA RANKED_FIXING UPDATE_14 AURA KIMIRO_OUT UPDATE9 MADNESS 1.5M_FAVS 800K_LIKES 2X_SECRET_WEEKEND KIMIRO_OUT TAICHOU_SOON 15M_PLAYS 100K_INTERESTED2 UPDATE_18 ABILITY_FIX UPDATE8 UPDATE_16 SHUTDOWN_CODE2 350K_MEMBERS SILLY_POTIONS 1.5M_FAVS UPDATE_11 TWINS_REWORK 250K_MEMBERS TAICHOU_YEN NEW_TIMESKIP UPDATE_23 700M_VISITS KIMIRO_HEIGHT 80M_VISITS 100K_MEMBERS 500K_LIKES CHOPPED SHIELD_BREAKER BLOCKING 500K_LIKES SHUTDOWN_CODE EASTER KIMIRO_THICK UPDATE_22 600K_MEMBERS UPDATE_21 UPDATE6 GODLY_BLOCKER 100M_VISITS 10MIN_DELAY 40M_VISITS UPDATE_15 BACK_TILT BALANCE KIMIRO_SPEED KIMIRO_SET APRIL_UPDATE BIGGESTEVER UPDATE4 KIMIRO_ABILITY UPDATE_18_CRYSTALS NOTONTIME UPDATE10 SEASON_2 UPDATE2 FAST_MODE 100K_INTERESTED MOBILE_FIXES UPDATE3 200MILLION_VISITS UPDATE_12 KIMIRO_BLOCK KIMIRO_SPIKE KIMIRO_BOUNCY 180K_FAVS LAUNCH UPDATE_18_CRYSTALS 50M_Visits SANU_BUFF TIMESKIP_KAGAYOMO PROTORIONTWITTER DELAY_LEGENDS UPDATE_13 RANKED 250M_VISITS How to use Roblox Volleyball Legends codes You can follow the steps outlined below to use the Volleyball Legends codes: Open Volleyball Legends on your device. After the game boots up, you have to open the Shop menu and tap on the 'Codes' option that is located on its left side. A dialog box will appear asking you to enter the code. Upon doing so, click on the 'Use Code' button. Once the redemption is successful, you will receive the associated rewards in Volleyball Legends. Game On Season 1 continues with Mirabai Chanu's inspiring story. Watch Episode 2 here.
