TD Cowen Reiterates Sell Rating on Roblox Corp. (RBLX)

TD Cowen analyst Doug Creutz reiterated a Sell rating and $29.00 price target on Roblox Corp. (NYSE: RBLX).

The analyst commented, "During keynote remarks at the annual Roblox Developers Conference, the company announced that they will begin allowing creators to charge consumers directly in dollars for access to paid experiences. We view this as a logical and necessary step for Roblox. Separately, we think that the status of Section 230 bears watching given a Third Circuit court ruling in late August."

For an analyst ratings summary and ratings history on Roblox Corp. click here. For more ratings news on Roblox Corp. click here.

Shares of Roblox Corp. closed at $43.64 yesterday.

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