Browsing: Jefferies

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.

Investing.com — Jefferies downgraded Roblox to Underperform from Hold in a note on Monday, telling investors that the stock’s 30% rally since second-quarter results reflects overly optimistic expectations for bookings over the next 12 months.

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.

Jefferies slashed Roblox to Underperform with a $38 target, sending RBLX down 6% on warnings the post-earnings rally overpriced its bookings recovery.

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.

Jefferies just put a target on Roblox that sits well below where shares are trading, and the rest of the gaming group barely flinched. Whether the firm has correctly read Roblox’s bookings path will determine if today’s selloff is just…

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.

Roblox (NYSE:RBLX) shares fell 4.0% in pre-market trading after Jefferies downgraded the stock to Underperform from Hold and lowered its price target to $38.