5 Reddit WallStreetBets Stocks That Are Rising

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In this article, we discuss 5 Reddit WallStreetBets stocks that are rising. If you want to see some more stocks in this selection, click 10 Reddit WallStreetBets Stocks That Are Rising

5. Roblox Corporation (NYSE:RBLX)

Gain in Share Price in the Last 5 Days as of March 23: 26.30%

Number of Hedge Fund Holders: 61

Roblox Corporation (NYSE:RBLX) is a California-based video game developer that provides users with 3D entertainment and learning experiences. The stock has climbed 26.30% in the last five days, and Roblox Corporation (NYSE:RBLX) has been gaining the interest of Redditors. 

On March 16, Stifel analyst Drew Crum lowered the price target on Roblox Corporation (NYSE:RBLX) to $65 from $90 and kept a Buy rating on the shares after the company posted “mixed” KPIs in February. He expects improving bookings comps starting in late Q2 through the second half of the year and views the reward/risk as “better to the upside” with the pullback in the shares.

According to the Q4 database of Insider Monkey, 61 hedge funds were bullish on Roblox Corporation (NYSE:RBLX), compared to 50 funds in the prior quarter. Jim Simons’ Renaissance Technologies is the leading shareholder of the company, with 5.3 million shares worth $557 million. 

Here is what Tao Value has to say about Roblox Corporation (NYSE:RBLX) in its Q4 2021 investor letter:

“Roblox (RBLX) got significant more attention from both institutional & retail investors after Facebook announced to rename itself as Meta Platforms. I believe the price appreciation is largely attributed to the increased attention. On the business side, Roblox rolled out a few successful music events and also partnered with Netflix on testing long-form media consumption in the virtual world. Apple in its iOS 14.5 rolled out an impactful change for the digital advertising landscape by requiring all apps to ask users to “opt in”.

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