“Monday's First Moves: MU Price Target Hike, RBLX Downgrade, RCL Upgrade”Jefferies
Jefferies downgraded RBLX to underperform with a $38 target due to weak US user growth and low booking forecasts.
Let's talk about Roblox and its downgrading. This is disappointing. Stocks are down by more than 8% at the moment. Since the beginning of the year, this stock has performed very poorly , whether we talk about year-to-date performance or on an annual basis.
Jefferies issues a downgrade to Roblox's rating. If you have children, you know this platform. This platform allows them to play games online ; it is a comprehensive platform. You can create different worlds.
There are games like "Rifles" and others, and it seems that not enough children play them.