Wells Fargo and TD Cowen Cut Roblox (RBLX) Price Targets

Roblox Corporation (NYSE:RBLX) is 1 of the 10 Best NYSE Stocks to Buy According to Analysts. On January 8, Wells Fargo chopped its terms people connected Roblox Corporation (NYSE:RBLX) from $141 to $107 but kept its Overweight rating. The steadfast expects the company’s December bookings maturation to beryllium successful the mid-30% range, down from the erstwhile high-60% maturation seen successful October and November.

Looking ahead, Wells Fargo forecasts Roblox Corporation (NYSE:RBLX) to usher full-year 2026 bookings betwixt $7.85 cardinal and $8.0 billion, which would correspond maturation of astir 19% to 21%. The probe steadfast pointed retired that bookings maturation passim 2026 is apt to beryllium “highly variable,” with the strongest maturation expected successful the archetypal quarter.

Earlier, connected January 6, TD Cowen besides lowered its terms people connected Roblox Corporation (NYSE:RBLX) from $77 to $70 and kept its Sell rating. The firm’s analyst, Doug Creutz, pointed to slowing idiosyncratic engagement passim December.

Creutz noted that successful December, year-over-year maturation successful hours spent fell to 74%. This compares with 99% maturation successful November and 110% maturation successful October. In the last week of December, hours spent saw a maturation of lone 66% year-over-year. According to the analyst, this slowdown marks the weakest holiday-season maturation complaint for Roblox Corporation (NYSE:RBLX) successful astatine slightest 4 years.

Roblox Corporation (NYSE:RBLX) is an American video crippled institution that developed Roblox, an immersive gaming and instauration platform.

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