Stock Track | Roblox Soars 5.22% in Pre-Market on Multiple Analyst Upgrades

Stock Track02-09

Roblox Corporation's stock surged 5.22% during pre-market trading on Monday, as the gaming platform received positive analyst attention.

The significant price movement appears to be driven by multiple analyst upgrades. Roth Capital and Roth MKM both upgraded Roblox from Neutral to Buy, with Roth MKM raising its price target to $84 from $78. These upgrades reflect increased analyst confidence in the company's prospects.

While some firms maintained positive ratings but adjusted price targets, the consensus among analysts covering Roblox remains overweight with a mean price target of $111.28, according to FactSet data.

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