Roblox forecast cut adds to videogame gloom, shares fall most in two years

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Go back to Roblox forecast cut adds to videogame gloom, shares fall most in two years

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

May 10, 2024 6:01 AM EDT

Deutsche Bank analyst Benjamin Black lowered the price target on Roblox Corp. (NYSE: RBLX) to $40.00 (from $55.00) while maintaining a Buy rating.

The analyst comments "We would be buyers of the current weakness of Roblox's stock. Admittedly, the FY24 bookings guide-down was very disappointing, but we contend that the stock... More

Roblox Corp. (RBLX) PT Lowered to $37 at Wells Fargo

May 10, 2024 5:43 AM EDT

Wells Fargo analyst Ken Gawrelski lowered the price target on Roblox Corp. (NYSE: RBLX) to $37.00 (from $50.00) while maintaining a Overweight rating.

The analyst comments "View recent progress with Roblox's ads build-out as positive, but believe longer- duration investors will need to see several... More

Roblox Corp. (RBLX) PT Lowered to $35 at Morgan Stanley

May 9, 2024 4:24 PM EDT

Morgan Stanley analyst Matthew Cost lowered the price target on Roblox Corp. (NYSE: RBLX) to $35.00 (from $42.00) while maintaining a Equalweight rating.

The analyst comments RBLX's 2Q guidance and reduced '24 outlook disappointed, with weaker content offerings and app performance issues weighing on... More