5 Market Movers to Watch on Thursday

2. Roblox Corporation (NYSE:RBLX) is up 21.15% as of 11:44 AM ET after the San Mateo, California-based video game developer received a Buy rating from Bernie McTernan at Needham. The analyst also revised the target price on Roblox Corporation (NYSE:RBLX) to $45, reflecting a healthy potential upside of 87.7% from the last closing price. McTernan gave positive feedback on Roblox Corporation’s (NYSE:RBLX) more bullish approach to converting engagements into bookings and providing monetization opportunities. The analyst also highlighted the anticipated $1 billion contributions in revenue by the company’s advertisement segment by FY27.

Overall, Roblox Corporation (NYSE:RBLX) was held by 61 hedge funds at the end of Q4 2021.