Raymond James downgraded Roblox Corp. to Outperform from Strong Buy while simultaneously lifting its 12-month price target to $130 from $81. In a note to clients, the brokerage said the runaway success of Roblox’s new hit experience, “Grow A Garden,” has set a “high bar” for second-quarter results, warranting a more tempered rating even as the firm sees further share-price upside. The move comes alongside a separate action by Citigroup, which raised its price target on the gaming platform to $152 from $123, citing continued user engagement momentum. The mixed analyst signals arrive ahead of Roblox’s next earnings report and offer investors fresh guidance on expectations for the company’s near-term growth.
$RBLX Raymond James downgrades Roblox to outperform from strong buy The firm said expectations are too high right now. “We are downgrading shares of Roblox (RBLX) to Outperform (from Strong Buy) and raising our price target to $130 (from $81).”
$RBLX | 𝐑𝐨𝐛𝐥𝐨𝐱 (RBLX): Raymond James 𝐝𝐨𝐰𝐧𝐠𝐫𝐚𝐝𝐞𝐬 𝐭𝐨 𝐎𝐮𝐭𝐩𝐞𝐫𝐟𝐨𝐫𝐦 (from Strong Buy), raises 𝐏𝐓 𝐭𝐨 $𝟏𝟑𝟎.𝟎𝟎 (from $81.00) Analyst sees 𝐆𝐫𝐨𝐰 𝐀 𝐆𝐚𝐫𝐝𝐞𝐧 𝐬𝐮𝐫𝐠𝐞 as 𝐭𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐯𝐞, but warns 𝐬𝐩𝐢𝐤𝐢𝐧𝐠 https://t.co/QS7FiMwRTL
$RBLX Roblox price target raised to $152 from $123 at Citi $RBLX downgraded to Outperform at Raymond James amid 'high bar' for Q2