JPMorgan Raises Roblox Corporation (RBLX)’s Price Target To $160, Maintains Overweight Rating

Roblox Corporation (NYSE:RBLX) is among the Renaissance Technologies Portfolio: 10 Biggest Stocks. On September 22, JPMorgan raised the stock’s price target to $160 from $150, while maintaining an Overweight rating for its shares.

JPMorgan Raises Roblox Corporation (RBLX)'s Price Target To $160, Maintains Overweight Rating

10 stocks receiving a massive vote of approval from Wall Street analysts

The firm noted an increase in engagement on Roblox Corporation (NYSE:RBLX)’s platform during Q2, driven by Grow a Garden. It expects the momentum to continue in the third quarter due to Steal a Brainrot and 99 Nights in the Forest.

The company’s concurrent users reached 43 million in late August, well above its prior record of 32 million, the analysts told investors in a note. JPMorgan anticipates the encouraging platform engagement to result in a ‘healthy upside’ to the management’s guidance for the third quarter.

Roblox Corporation (NYSE:RBLX) offers an immersive platform for communication and connection, allowing users to create, work, learn, play, and connect in experiences developed by its global community of creators.

The stock has had a stellar 2025, gaining 130% year-to-date as of September 23.

While we acknowledge the risk and potential of RBLX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than RBLX and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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