Noting weakness today in the price of Roblox (RBLX) shares, Citi attributed the move lower to two recent negative headlines – Louisiana’s Attorney General announcing a lawsuit against the company and press reports suggesting that the recent banning of a creator whose content centers on catching child predators on the platform upset some members of the community. The firm is not concerned about Louisiana’s litigation, as it is limited to one state, while the “vigilante” user ban does not appear to have slowed engagement on the platform based on data from RoMonitor, according to the analyst, who keeps a Buy rating and $152 price target on Roblox shares.
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