Roblox says it’s on track to pay out $1 billion to creators this year. Last year, it paid out more than $922 million, which far exceeds the $352 million Epic paid to Fortnite creators.

On Monday, shares of the kid-focused video game service spiked to a more than three-year high of 127.99 before pulling back. Roblox stock ended Monday unchanged from the previous session at 124.50.

Oppenheimer raised its price target for Roblox shares to $125, a number its shares haven't been near since late 2021. The analysts said the gaming platform's algorithm will give it an edge in ...