User and engagement numbers were also strong for gaming platform Roblox, with daily active users up 41% year over year, and hours engaged up 58%.

Roblox stock jumped after the company raised its annual outlook, following a quarter where daily user count and hours played surged. Shares rose around 19% in morning trading, topping $51. The ...

Raymond James analyst Andy Marck downgraded Roblox from a Strong Buy rating to an Outperform rating and raised the price target from $81 to $130.

Roblox stock soared 10% on Thursday after the company reported second-quarter revenue that beat expectations amid strong user growth.