Roblox initiated with a Neutral at DA Davidson

DA Davidson initiated coverage of Roblox (RBLX) with a Neutral rating and $65 price target The company has posted “impressive” growth through the surfacing of new hit experiences, the analyst tells investors in a research note. However, DA is taking a cautious approach to the shares citing elevated competition in 2026 and 2027. In addition, Roblox is up against “incredibly challenging” year-over-year comparisons, says DA. The also firm believes Fortnite reshuffling developer fees over 2026 and Grand Theft Auto VI coming out in Q4 create potential downside risk for Roblox.