Roblox Corp. (RBLX) PT Lowered to $40 at Stifel

Stifel analyst Drew Crum lowered the price target on Roblox Corp. (NYSE: RBLX) to $40.00 (from $45.00) while maintaining a Buy rating.

The analyst comments "On Wednesday morning, Roblox reported May KPIs. Our key takeaway...results suggested sequential declines (vs. April '22) which runs counter to management's commentary with 1Q earnings in early May. With that said, performance was directionally consistent with the 3P data we reviewed (and published on) for May, and thus not that surprising."

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