Roblox edges lower as Citi downgrades stock to neutral on growth risks

详细摘要

Roblox opens 3.5% lower after Citi downgrades it to Neutral from Buy; Q4 bookings point to about $1.92 billion, below the $1.95 billion midpoint.

Roblox (RBLX) shares opened about 3.5% lower on Friday after Citi downgraded the online gaming platform to Neutral from Buy, citing concerns over slowing engagement and potential risks to bookings growth.

The brokerage maintained its $55 price target, implying a 7% upside from

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