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.
