Why Roblox Stock Jumped Almost 21% Higher in June

Core Insights - Roblox stock has surged to $100 per share for the first time, driven by a nearly 21% increase in June, attributed to the popularity of a specific game and positive analyst recommendations [1][2] Group 1: Stock Performance - Roblox stock experienced significant growth, reaching $100 per share, with a notable 21% increase in June [1] - Analysts have issued positive updates on Roblox's stock, with several raising their price targets following strong first-quarter results [2] Group 2: Analyst Recommendations - Piper Sandler analyst Thomas Champion raised his price target for Roblox from $85 to $105, maintaining an overweight (buy) recommendation [4] - Champion's adjustment was based on the company's effective content promotion and the success of the game "Grow a Garden" [5] Group 3: Game Popularity - "Grow a Garden" has achieved over 12 billion lifetime visits since its launch in late March, surpassing Fortnite in concurrent users during June [6] - The game's explosive growth contributed significantly to the surge in Roblox's stock price [6] Group 4: User Growth and Financials - Roblox reported a 26% year-over-year increase in average daily active users (DAU), reaching almost 98 million [8] - Revenue growth exceeded user growth, with a 29% rise to over $1 billion in the most recently reported quarter [8]