Video game platform Roblox (RBLX) achieved a major milestone by earning its first investment-grade credit rating from S&P Global (SPGI) Ratings. Indeed, the firm upgraded Roblox from BB+ (the highest junk grade) to BBB- (the lowest investment-grade tier) due to strong growth in the platform’s user base, rising gross bookings, and healthier free operating cash flow. This move highlights Roblox’s success in moving beyond its core younger audience and attracting older players, who tend to spend more on in-game purchases.
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It is worth noting that reaching investment grade could lower Roblox’s borrowing costs by opening the door to a larger pool of institutional investors that can only buy higher-rated debt. Still, the company faces mixed reviews from other agencies. Indeed, Moody’s (MCO) continues to rate its debt as junk, while Fitch has yet to assign a rating. Nevertheless, S&P’s positive outlook suggests that there is potential for another upgrade in the medium term, especially since Roblox’s financial position is solid.
On the market side, Roblox’s stock has had a stellar 2025, as it has more than doubled and hit an all-time high in July after second-quarter results surpassed analyst expectations. The quarter also saw daily active users exceed 100 million for the first time, thanks to a hit game that drew 22 million concurrent players in July alone. These strong metrics show that Roblox’s strategy to grow its audience and improve engagement is delivering results, which could strengthen its credit profile over time.
Is RBLX Stock a Good Buy?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on RBLX stock based on 16 Buys, four Holds, and one Sell assigned in the past three months, as indicated by the graphic below. Furthermore, the average RBLX price target of $142.10 per share implies 12.1% upside potential.
