Roblox Corp (RBLX) Gets Buy Reco, PT Hike, Climbs 9.6%

Roblox Corp. (NYSE:RBLX) is one of the 10 Stocks Making Monster Moves.

Roblox Corp. saw its share prices jump by 9.64 percent on Monday to close at $46.98 apiece, as investor sentiment was boosted by an investment firm’s reiteration of its bullish coverage for its stock.

In a market note during the day, Needham reaffirmed its buy recommendation and $60 price target for the stock after third-party data, which showed that users grew week-on-week over the weekend.

For illustration purposes only. Photo by Bulat Khamitov on Pexels

The data marked a positive development following a 30-week broad decline for concurrent users.

Needham’s price target represented a 27.7 percent upside potential from Roblox Corp.’s (NYSE:RBLX) latest closing price.

In other news, Roblox Corp. (NYSE:RBLX) earlier announced its earnings performance for the first quarter of the year, with net loss attributable to shareholders widening by 14.4 percent to $246 million from $215 million in the same period last year.

Revenues increased by 39.3 percent to $1.442 billion from $1.035 billion year-on-year, with the company pointing to the strong user and engagement as having buoyed its performance.

For the second quarter of the year, Roblox Corp. (NYSE:RBLX) is targeting revenues to grow by 29 to 34 percent, as well as bookings by 8 to 12 percent.

For the full-year 2026, revenues are now targeted to grow by 20 to 25 percent, and bookings by 8 to 12 percent.

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