Roblox Corporation (NYSE:RBLX) was cut to Underperform from Hold at Jefferies on September 28, with the firm leaving its price target at $38. The shares closed Friday at $46.44, roughly 18% above where the call says they belong.
Roblox Corporation(NYSE:RBLX) shares are trading lower Monday after Jefferies downgraded the stock to Underperform from Hold, arguing its 30% rally since second-quarter results reflects overly optimistic expectations for bookings over the next 12 months.
