Wedbush analyst reiterates Outperform rating for RBLX with $53 price target. Expects strong Q4, but sees Fortnite as a risk. Confident in long-term potential.

The excitement around Grow a Garden has already helped Roblox's stock more than double this year. Since January, it's up ...

Not that Minecraft and Fortnite aren't so massively popular, but Roblox is like the MySpace of online do-anything games right now, and it's like we're living in a 2007 state of mind.