Here is Why Roblox Corporation (RBLX) is Favored by Hedge Funds

Group 1: Roblox Corporation Overview - Roblox Corporation (NYSE:RBLX) is recognized as a leading communication services stock by hedge funds [1] - The company provides a virtual communication and connection platform that offers immersive digital experiences through tools like Roblox Client, Roblox Studio, and Roblox Cloud [4] Group 2: Analyst Ratings and Price Targets - Ken Gawrelski of Wells Fargo maintains a bullish outlook on Roblox, assigning a Buy rating with a revised target price of $107, indicating a potential upside of around 40% [1] - B. Riley Securities analyst Drew Crum initiated coverage with a Buy rating and a price target of $125, suggesting a significant upside potential of 64% based on the company's long-term prospects [3]