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Here's Why Roblox Stock Was Up Almost 10% in June

·3 min read
Here's Why Roblox Stock Was Up Almost 10% in June
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Shares of video game platform provider Roblox (NYSE: RBLX) were up 9.75% in June, according to data provided by S&P Global Market Intelligence. Early in June, multiple analysts were lowering price targets for Roblox stock. For example, Goldman Sachs analyst Eric Sheridan recommended selling Roblox stock on June 9, simultaneously lowering the firm's price target from $39 to $28 per share, according to The Fly.