Citigroup has raised its price target for Roblox Corporation (NYSE:RBLX) to $123 from $100, maintaining a Buy rating. This adjustment reflects the company's strong performance, with an 81% year-to-date gain in 2025. Analysts cited robust user data and a favorable court ruling regarding App Store fees as key factors driving this revision, indicating a positive outlook for Roblox's financial performance.

The anticipated reduction in platform fees due to the court ruling could significantly enhance Roblox's EBITDA, potentially increasing it by $220 million to $600 million. This financial boost, combined with the company's immersive platform for user engagement, positions Roblox favorably in the competitive gaming and metaverse landscape.