Roblox shares rose 1.28% to $63.98 as the platform stabilizes following safety-related volatility, supported by maintained Buy ratings from Goldman Sachs and Citigroup.
- The stock is recovering from an 8.46% decline triggered by reports of a safety incident and subsequent regulatory scrutiny from Australian authorities.
- While CEO David Baszucki recently sold shares, Cathie Wood’s ARK Invest increased its position during the price dip.
- Analysts remain optimistic about the platform's growth, citing strong bookings despite recent headwinds.