Discussing Roblox shares on Yahoo Finance Thursday, Needham Analyst Bernie McTernan said "I think that part of it is that the third-party data that we have been hearing about all pointed to a really negative May, and that catalyst for the shorts has came and went”.

“Then the question is: What are you applying next? Really we think there will be improvement in the second half of the year as comparable [data] begins to normalize. We expect to be looking at high teens, maybe even low 20%, bookings growth into 2023,” McTernan said.

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Roblox operates an online video game platform that lets young gamers create, develop and monetize games.

According to data from Benzinga Pro, Roblox has a 52-week high of $141.60 and a 52-week low of $21.65.