Palantir (NASDAQ: PLTR) has been one of the top-performing stocks in the S&P 500 this year, frequently hovering around the number one spot with impressive year-to-date gains of 73.80%. However, another tech stock has been posting similar numbers, and it may surprise you.
Roblox (NYSE: RBLX) stock has surged 73.95% year-to-date, currently trading at $100.65 after a solid 12% rally over the past month alone.
That said, both Palantir and Roblox dipped over 4% following Monday’s trading session, hinting at some short-term volatility
Indeed, the gaming platform that’s captured the attention of millions of young users worldwide is now capturing Wall Street’s attention for very different reasons, though analysts remain divided on whether the stock’s recent run can continue.
Wall Street split on Roblox’s momentum
Oppenheimer is one of the more bullish voices on Roblox, having raised its price target to $125 from $80 in mid-June while maintaining an ‘Outperform’ rating. The target represents an 18.8% upside from current levels.
However, the broader Street community is notably more cautious. Out of 21 analysts covering Roblox, the consensus shows a “Moderate Buy” rating, with 15 buy recommendations, four holds, and just two sells.
Price targets range from a low of $40 to a high of $125. The $85 average suggests that most analysts believe the stock has risen about 19.5% too far during its 2025 rally.
Oppenheimer’s bullish case centers on what it sees as Roblox’s competitive edge in user engagement.
“The company has a better solution for user growth and user retention than most game publishers,” the firm noted, while also highlighting the platform’s recommendation algorithm and “increasing content velocity and robust technology infrastructure.”
Featured image via Shutterstock.
