Roblox (NYSE:RBLX) is a company that traditional investors might not understand. Yet, Roblox stock is making a big-time move on robust bookings growth. So, I am bullish on RBLX stock and I suggest ...

So, great for Roblox and the NFL, but what does it all mean for investors? Nowak reiterated an Overweight (i.e., Buy) rating along with a $115 price target.

In its filing, Roblox Corp. disclosed some new financial statistics, including revenue in the third quarter of $242.2 million, which is up 91 percent, according to CNBC.

Roblox has experience big growth in the last few years among kids and teens under 16, with the COVID-19 pandemic cited as among the reasons. It's not all positive though.