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Roblox jumps after JPMorgan upgrades stock to Overweight

Roblox (RBLX) shares are seeing gains of over 5% after JPMorgan analysts upgraded the stock to Overweight from Neutral and raising their price target to $48 per share.

Market Domination Anchors Julie Hyman and Jared Blikre analyze JPMorgan's note on the stock while highlighting two of Roblox's biggest drivers: advertising revenue and average bookings per user. The online gaming platform is scheduled to report earnings on May 9.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination.

This post was written by Luke Carberry Mogan.