Why Roblox Stock Price Jumped on Tuesday

Key TakeawaysRoblox shares jumped nearly 4% Tuesday after JPMorgan analysts upgraded the online gaming platform's stock and raised its price target.The bank boosted its rating on Roblox to "overweight" from "neutral," and increased the price target by $7 to $48.JPMorgan analyst Cory Carpenter said that with investors hesitant to buy shares, Roblox was at a "compelling entry point."Despite Tuesday's gains, Roblox shares are down 21% so far this year. Shares of online gaming platform Roblox (RBLX) advanced Tu ...