Roblox stock surged 21% in June, hitting $100/share for the first time, with positive analyst updates.

Roblox stock surged in June, reaching $100 per share for the first time. Analysts issued positive updates on the company, with one raising the price target to $105 per share. The game “Grow a Garden” contributed to Roblox’s success, surpassing Fortnite in concurrent users in June. Despite financial challenges, Roblox reported a 26% increase in daily active users and a 29% rise in revenue. Consider other investment options, as Roblox was not among the 10 best stocks identified by the Motley Fool Stock Advisor team. They have a history of predicting high returns for stocks like Netflix and Nvidia.

Read more at Yahoo Finance: Why Roblox Stock Jumped Almost 21% Higher in June