Why Roblox Stock Was Up This Morning

·2 min read

Shares of Roblox (NYSE: RBLX) were trading up 5.9% as of 11:41 a.m. ET on Thursday after Wedbush raised the near-term price target on the stock from $28 to $34, although that is still below its current price of about $50. Wedbush's positive note runs contrary to other analysts who have downgraded the stock over the last few months.