Roblox Corp. (NYSE:RBLX) shares rose Wednesday after the gaming platform announced plans to extend age estimation technology ...

Daily active users in UGC platform Roblox rose by 41% year-over-year to 111.8 million in Q2 as the platform records more growth.

The players it's based on get $600 each. Revenue at Roblox rose 31% from a year earlier to come in at $893.5 million. Analysts tracked by FactSet had been expecting $880.7 million.

Roblox stock experiences a surge as analyst Shweta Khajuria upgrades the rating to 'Buy' and sets a price target of $150, citing strong growth prospects despite ongoing legal challenges.

The next week, Roblox shares tagged along as the stock market as a whole had a fantastic day. The S&P 500 index gained 1.6%, and the tech-heavy Nasdaq Composite rose by 2.3%.