Roblox Corp. News:
Roblox Corp has announced that its Chief Business Officer, Craig Donato, will be leaving the company at the end of the summer. This news comes as Roblox continues to solidify its position as a prominent player in the metaverse space.
Donato has been an integral part of the Roblox team for nearly seven years, contributing to the company’s growth and success. During his tenure, Roblox has witnessed remarkable expansion, attracting a massive user base and establishing itself as a popular virtual platform. With 66 million daily users and availability on mobile devices, desktops, and Microsoft’s Xbox, Roblox has become a household name in the gaming world.
While Donato’s departure marks the end of an era, Roblox (RBLX:NYE) is ensuring a seamless transition by promoting Christina Wootton to the role of Chief Partnerships Officer. In her new position, Wootton will oversee all of the company’s business relationships, taking charge of fostering strategic partnerships and driving Roblox’s growth further.
Wootton’s promotion reflects the company’s confidence in her abilities and her significant contributions to Roblox’s success thus far. She brings a wealth of experience to her new role, having previously served as the Vice President and General Manager of Platform at Roblox. Wootton’s expertise in managing partnerships and her deep understanding of the metaverse make her an ideal choice for this crucial position.
Roblox Corp Stock Forecast:
According to the analysis of 25 analysts, the average target price for Roblox Corp stock over the next 12 months is $41.78. The average analyst rating for the stock is “Hold.” Stock Target Advisor‘s analysis indicates a slightly bullish outlook for Roblox Corp, based on 6 positive signals and 4 negative signals. As of the last closing, Roblox Corp’s stock price was $43.00. Over the past week, the stock price has increased by +4.50%, over the past month by +2.87%, and over the last year by +8.12%.
