Wedbush has reiterated its Outperform rating and $65 price target on Roblox (NYSE:RBLX), implying roughly 40% upside from the stock's $46.39 close, as the broker's proprietary engagement tracking shows tentative sequential improvement in key user metrics.
Analyst Alicia Reese argues that while headline engagement data remains in negative territory year-on-year, the direction of travel has stabilised, with weekly concurrent user (CCU) growth edging to minus 9% from minus 11% the prior week and average daily active user (DAU) growth improving to minus 3% from minus 5%, a pattern the broker attributes to the company lapping last summer's elevated comparatives.
The note flags that Turkey lifted its approximately 680-day block on Roblox on 18 June, a reinstatement tied to the platform's globally rolled-out age-based account structure, though Reese cautions the reopening is only partially confirmed and the country represents a small slice of Roblox's 131 million global DAUs.
The broker's next proof point will be whether the CCU/DAU ratio, which has held near summer 2025 lows, begins to re-inflect, signalling a recovery in per-user engagement intensity beyond the headline stabilisation seen this week.
