Roblox Corporation ( RBLX -1.70%), the online gaming platform that's especially popular with teens and younger kids, saw its ...

Louisiana AG Liz Murrill has filed a lawsuit against Roblox, accusing the gaming platform of enabling child exploitation and failing to protect young users.

According to Reese, Roblox stock, which costs less than $127 after getting hit hard earlier a couple of weeks ago on litigation concerns, could gain nearly 30% over the next 12 months.

CEO of Roblox Corporation David Baszucki says his company rolled out new security features to protect kids from predators, after a series of high-profile abuse cases.