Analysts are optimistic about Roblox Corp after its Developers Conference, with BofA Securities maintaining a Buy rating and JPMorgan reaffirming Overweight.

The takeaway is that Roblox is a tightly-held issue, so share prices could move quickly if the analysts and retail market are interested again. The price action in Roblox is rangebound.

Roblox ( (RBLX) ) just unveiled an update. Roblox Corporation announced a strong third quarter in 2024, with a 29% increase in revenue and a 34% rise in bookings compared to the previous year. The ...