Author: James

Roblox (NYSE:RBLX), the online gaming platform, fell 5.56% intraday, as of 12:30 p.m. ET, after Jefferies downgraded the stock from Hold to Underperform with a $38 price target. The firm argued the roughly 30% rally since second-quarter results reflects an overly optimistic view of bookings over the next 12 months.

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