Roth/MKM analyst Eric Handler upgraded Roblox Corp. (NYSE: RBLX) from Neutral to Buy with a price target of $84.00 (from $78.00).

The analyst comments: "We have a more positive view toward Roblox due to better than expected 2026 bookings guidance and a >20% bookings CAGR outlook over the next several years, combined with a more attractive valuation. Most important, we are increasingly appreciative of the underlying mechanics of the platform having created a strong, sustainable virtuous circle where continuously improving creator/development tools are producing higher quality games, which enhances the user experience, and drives higher engagement. Raising PT from $78 to $84 based on 2026E EV/bookings and EV/EBITDA multiples of 7x and 28x, respectively."

For an analyst ratings summary and ratings history on Roblox Corp. click here. For more ratings news on Roblox Corp. click here.

Shares of Roblox Corp. closed at $66.42 yesterday.