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Roblox Corporation (RBLX) Willing to Make Changes After Ban in Russia

Roblox Corporation (NYSE:RBLX) is one of the Stocks That Will Go To The Moon in 2026. Roblox Corporation (NYSE:RBLX) faced a ban on December 3 from the Russian Communications watchdog Roskomnadzor. The ban is imposed over child safety concerns, which have resulted in annoyance from Russian users and also led to a rare protest.

However, recently, on December 17, Reuters reported that Roblox Corporation (NYSE:RBLX) has shown willingness to make the required changes for Russian users as it wants the ban to be lifted. As per the report, the Russian watchdog reported that representatives from the company had reached out to them expressing readiness to make the changes. Moreover, Roskomnadzor noted that if the company is willing to comply with the Russian law, then the organization will work with Roblox Corporation (NYSE:RBLX) as it does with any other organization to ensure child safety.

Reuters reported that a spokesperson of the company noted that the company is willing “to temporarily limit communication features in Russia and to revise our content moderation processes to address the legal requirements necessary to restore our community’s access to the platform.”

That said, Wall Street has a mixed outlook on the stock. Analysts 12 month average price target reflects more than 83% upside from the current levels. However, recently, on December 12, Mizuho Securities downgraded the stock from Buy to Hold and also lowered the price target from $145 to $100. Earlier on December 11, Matthew Cost from Morgan Stanley reiterated a Buy rating on the stock with a $170 price target.

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.

While we acknowledge the potential of RBLX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RBLX and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

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