13 Best Innovative Stocks to Buy According to Wall Street Analysts

2. Roblox Corporation (NYSE:RBLX)

Analyst Upside: 64.80%

Number of Hedge Fund Holders: 90

Roblox Corporation (NYSE:RBLX) ranks among the best innovative stocks to buy according to Wall Street analysts. On February 9, BMO Capital reaffirmed its Outperform rating and $160 price target for Roblox Corporation (NYSE:RBLX), citing the popularity of a new game on the platform. The new game “Survive LAVA for Brainrots!” debuted on January 30 and has already accumulated 60 million total visits.

Although the game’s predecessor, “Escape Tsunami for Brainrots!”, seems to have peaked on January 24 with 161 million daily visits, BMO was encouraged by the steady stream of new Brainrot-themed games, indicating that this IP is emerging as a platform staple.

With bookings up 63% to $2.2 billion and 144 million daily active users, the company also had an impressive fourth quarter. This was attributed to the gaming platform’s international development, especially in Asia, which drove triple-digit growth in key emerging markets.

Roblox Corporation (NYSE:RBLX) is an interactive entertainment company. It operates an immersive platform that enables users to create, share, and experience 3D virtual worlds and games.