By Diana Paluteder
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.
鈥嬧婽hat said, both Palantir and Roblox dipped over 4% following Monday鈥檚 trading session, hinting at some short-term volatility
Indeed, the gaming platform that鈥檚 captured the attention of millions of young users worldwide is now capturing Wall Street鈥檚 attention for very different reasons, though analysts remain divided on whether the stock鈥檚 recent run can continue.
Wall Street split on Roblox鈥檚 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 鈥極utperform鈥 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 鈥淢oderate Buy鈥 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鈥檚 bullish case centers on what it sees as Roblox鈥檚 competitive edge in user engagement.
鈥淭he company has a better solution for user growth and user retention than most game publishers,鈥 the firm noted, while also highlighting the platform鈥檚 recommendation algorithm and 鈥渋ncreasing content velocity and robust technology infrastructure.鈥
Featured image via Shutterstock.