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.

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.

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