Roblox Corporation (NYSE: RBLX) saw its stock surge 8.53% during intraday trading on Tuesday, outperforming a generally weak market. The Technology sector and the S&P 500 both recorded losses, making Roblox's gains particularly notable.
The surge appears to be driven by positive analyst sentiment. BMO Capital reiterated an Outperform rating on the stock with a price target of $155, representing nearly 100% upside potential. Other analysts, including JPMorgan and Jefferies, also issued updates, contributing to the bullish momentum. The stock's divergence from broader market trends suggests company-specific factors are at play.
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