Roblox (RBLX) stock slipped on Tuesday after CEO Dave Baszucki appeared on The New York Times’ Hard Fork podcast for an interview. During this interview, he was asked several questions concerning child safety on the platform, as well as the possibility of introducing gambling to children. His responses to these questions didn’t inspire confidence in the video gaming platform.
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Starting with the child safety concerns, Baszucki was asked about Roblox’s “child predator problem.” His response was surprising, as he called it “not necessarily just as a problem, but an opportunity as well.” That didn’t appear to sit well with the hosts, who continued to press him about Roblox’s child safety efforts. Baszucki eventually grew tired of this, complaining about it and trying to change the subject.
This led the hosts to ask Baszucki about his opinions on cryptocurrency prediction platform Polymarket. The CEO had positive comments about the platform, and mentioned that the company would consider adding a similar feature to Roblox. After the host called this a “horrible idea,” Baszucki responded with, “Well, I actually think it’s a brilliant idea if it can be done in an educational way that’s legal.”
Roblox Stock Movement Today
Roblox stock was down 2.05% on Tuesday but remained up 52.95% year-to-date. The stock has also rallied 84.63% over the past 12 months.
Trading activity is limited today at roughly 337,000 shares, compared to a three-month daily average of about 8.08 million units.
Is Roblox Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Roblox is Moderate Buy, based on 14 Buy, six Hold, and a single Sell rating over the past three months. With that comes an average RBLX stock price target of $151.06, representing a potential 71.46% upside for the shares.
