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Roblox (RBLX) bar for growth much higher than JPMorgan thought

November 10, 2022 10:07 AM EST

JPMorgan downgraded shares of Roblox (NYSE: RBLX) to Neutral from Overweight, cutting its price target on the stock to $35 from $53 in a note to clients on Thursday.

Analyst David Karnovsky told investors in a note that their previous view on Roblox was... More