Roblox shares finished 3.8% higher at $36.29, after moving as high as $37.52 during Tuesday's session. Despite the gain, the stock has lost 21% of its value since the start of the year.

Analysts at Oppenheimer upgraded Roblox (NYSE:RBLX) to "outperform" froma previous investment rating of "market perform," as the recent fall in share prices opened up "an excellent entry point ...