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Roblox’s garden continues to grow as analysts significantly hike their price target

Gaming giant Roblox ticked up on Wednesday morning, furthering the stock’s run-up to highs not seen since 2021. The platform received upward price target adjustments from multiple analysts as Wall Street sees a big bounty from the wildly popular “Grow a Garden” game.

Wedbush Securities boosted its price target more than 20% to $110, while Oppenheimer hiked its rating by 56% to $125. Roblox shares are currently trading at about $102. Roblox is up more than 70% since its latest hit game first dropped on March 31.

“Grow a Garden,” an unbelievably simple Roblox garden simulation game initially created by a teenager, has received massive attention from gamers and Wall Street. A Roblox spokesperson confirmed to Sherwood News that 16.5 million users were playing the game concurrently at one point last week — smashing the previously held concurrent player count record held by “Fortnite.” Summer vacation + hype + a lot of rain = a great time for some lo-fi gardening.

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Roblox answers Google’s Project Genie, launching the open beta for its “4D” AI creation tool

Roblox on Wednesday launched the open beta of its “4D” AI creation model, less than a week after the launch of Google’s Project Genie, an AI-powered interactive world generator.

The tool allows users to generate interactive objects that can be used in gameplay, such as a drivable car or a flyable plane, as opposed to static 3D objects.

Roblox’s “4D” system relies on rule sets called schemas that create objects out of multiple parts, allowing cars to have a body and movable wheels, for example.

“We expect to soon include schemas that cover the range of thousands of objects in the real world,” the company said.

The move to bring the tool out of early access and into open beta appears to be a response to Google’s Project Genie, which allows users to generate “playable” worlds out of a text or image prompt. Gaming stocks like Roblox, Take-Two, and Unity Software have dropped in the days since Project Genie’s release, though Wall Street analysts largely believe the market reaction to be unjustified, as interactivity through Googles tool is limited.

Roblox’s “4D” system relies on rule sets called schemas that create objects out of multiple parts, allowing cars to have a body and movable wheels, for example.

“We expect to soon include schemas that cover the range of thousands of objects in the real world,” the company said.

The move to bring the tool out of early access and into open beta appears to be a response to Google’s Project Genie, which allows users to generate “playable” worlds out of a text or image prompt. Gaming stocks like Roblox, Take-Two, and Unity Software have dropped in the days since Project Genie’s release, though Wall Street analysts largely believe the market reaction to be unjustified, as interactivity through Googles tool is limited.

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