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Oppenheimer raised its price target on Roblox Corp . (NYSE:RBLX) to $125 from $80 on Wednesday, while maintaining an Outperform rating on the gaming platform company’s stock. The stock currently trades at $101.12, near its 52-week high of $101.45, after delivering an impressive 181.67% return over the past year.
The firm cited increasing content velocity, robust technology infrastructure, global reach, and under-utilized monetization features as key factors making Roblox a compelling investment opportunity, despite the stock’s 76% price increase since April 10. According to InvestingPro, the company’s revenue grew 30.24% in the last twelve months, though current trading multiples suggest the stock may be overvalued.
Oppenheimer hosted virtual fireside chats this week with five top Roblox studios, including Splitting Point Studios, which developed Grow a Garden, the game that became the world’s most popular on the platform last weekend.
The research firm expressed increased bullishness on Roblox’s sustainable user growth momentum, rewarded ad revenue potential, and long-term market share gain potential from competing gaming platforms.
Oppenheimer sees upside to Roblox’s second-quarter 2025 and full-year 2026 estimates, supporting its decision to raise the price target while maintaining its Outperform rating. InvestingPro analysis reveals 13 additional key insights about RBLX, including detailed valuation metrics and growth indicators available in the comprehensive Pro Research Report.
In other recent news, Roblox Corporation has announced the appointment of Naveen Chopra as its new Chief Financial Officer, effective June 30, 2025. Chopra, who brings extensive experience from his roles at Paramount, Amazon (NASDAQ:AMZN), Pandora (OTC:PNDRY), and TiVo (NASDAQ:TIVO_old), will succeed Michael Guthrie. Guthrie will remain with the company as a consultant to ensure a smooth transition. In another development, Roblox has completed its reincorporation from Delaware to Nevada, following approval from stockholders. This change, effective May 30, 2025, does not affect the company’s operations or financial obligations. Meanwhile, analyst firms have provided varied outlooks on Roblox’s stock. TD Cowen has maintained a Sell rating with a price target of $40, citing a decline in user engagement for the game "Grow a Garden." Conversely, Piper Sandler and BofA Securities have raised their price targets to $105 and $103, respectively, reflecting optimism about Roblox’s growth potential and platform opportunities. These recent developments underscore the dynamic environment surrounding Roblox Corporation.
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