Record high for Roblox

By: Miguel A. Rodriguez

15:50, 14 April 2021

Roblox’s stock price surged to an all-time high after Hasbro unveiled their partnership

This year, Roblox, which completed one of the most successful direct listings of 2021, reached a new high. The surge was caused by an announcement made by one of the largest toymakers globally, Hasbro.

The company revealed that it would sell Nerf blasters inspired by the videogame platform. Hasbro said that the blasters would hit the US shelves in the fall, and each toy will have a code entitling the customer to a “virtual blaster” for their Roblox avatar.

Even though the news impacted the markets, this is not the first time the two of them team-up. Hasbro also created a Roblox version of Monopoly.

After the news hit the wires, Roblox stock price jumped almost 9% to reach a record high of $81.69. At the same time, Hasbro added 1.2% to $98.23 per share.

Since March 10, when it became a publicly traded company, Roblox shares climbed 80% and reached a $44 billion market capitalization, compared to Hasbro’s $14 billion.


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This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided.