Roblox Corporation (NYSE:RBLX) shares are on watch Friday as the stock faced competing pressures from analyst support, unusual options activity and ongoing legal challenges.
What To Know: Earlier in the week, Wedbush reiterated its Outperform rating and set a $165 price target, highlighting Roblox as one of the strongest growth opportunities in gaming. The firm pointed to strong third-quarter bookings guidance of 41–45% year-over-year growth, viral game momentum, and expanding advertising potential as drivers of long-term upside.
Legal risk continues to weigh on the stock following a lawsuit filed by the state of Louisiana earlier in August, which accuses the company of failing to protect children from predators and harmful content.
RBLX Price Action: Roblox shares were down 1.93% at $124.44 at the time of writing, according to Benzinga Pro.
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