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4 big analyst picks: Roblox a buy after Q1 -- Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades for Roblox, Axon Enterprise, Alcoa , and InterDigital.

As always, InvestingPro subscribers got this news first. Start your free 7-day trial.

Roblox upgraded to Buy, shares jump on Q1 beat

Roblox (NYSE:RBLX) shares rose more than 2% pre-market today after Roth/MKM upgraded the company to Buy from Neutral and raised its price target to $48.00 from $37.00, as InvestingPro reported in real time.

Shares surged more than 7% yesterday after the company reported its Q1 results, highlighted by a revenue beat, average daily users growth of 22% to 66.1 million, and average bookings per DAU of $11.70 (flat year-over-year).

Axon upgraded after Q1 beat, shares plunge on slowing growth worries

JPMorgan upgraded Axon Enterprise (NASDAQ:AXON) to Overweight from Neutral with a price target of $236.00.

The company reported its Q1 results, with EPS of $0.88 and revenue of $343M beating the consensus estimates. Furthermore, the company raised its full-year revenue guidance. While on the surface numbers look good, investors are worried about the possibility of slowing growth as future contracted revenue, though reaching a record high this quarter, grew just 3% year-over-year. As a result, shares plunged more than 15% yesterday.

InvestingPro users got this headline in rapid fire. Never miss another market-moving upgrade.

2 more upgrades

Credit Suisse upgraded Alcoa (NYSE:AA) to Outperform from Neutral with a price target of $50.00.

The company reported its Q1 earnings last month, missing on EPS and revenue estimates.

InterDigital (NASDAQ:IDCC) shares gained more than 6% yesterday after BofA Securities upgraded the company to Buy from Underperform and raised its price target to $105.00 from $55.00 on impressive Q1 results and strong pipeline over the next 12 months, and TAM expansion.

The firm said it is bullish on the medium-term outlook and strong management team, noting likely upside on the Samsung (KS:005930) and Lenovo revenue contributions as another key driver.

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