Browsing: Downgrade

Sphere Entertainment (SPHR) shares sank 12% on Monday after Craig-Hallum analyst Ryan Sigdahl downgraded the stock from Buy to Hold before the open and cut his price target from $170 to $132. (Which, to be clear, is still higher than the stock’s price beforetoday’s fall. But I digress.)

Roblox (RBLX) is back under scrutiny after Jefferies cut its rating to Underperform, arguing that the recent post-earnings rally has already priced in more bookings strength than the business is likely to deliver.