Wells Fargo analyst Ken Gawrelski lowered the firm’s price target on Roblox (RBLX) to $141 from $155 and keeps an Overweight rating on the shares. The firm notes the stock was down as management commentary on 2026 was perceived as talk down of bookings and margins. Wells agrees a catch-up period of investment likely post torrid 2025 engagement growth, but bookings outlook brighter post strong Q3 and Q4 outlook.
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Read More on RBLX:
- Roblox downgraded to Hold from Buy at Benchmark
- Benchmark sees Roblox entering ‘normalization phase,’ downgrades to Hold
- Roblox price target raised to $130 from $120 at Barclays
- Roblox upgraded to Buy from Neutral at Goldman Sachs
- Promising Growth and Strategic Investments Drive Buy Rating for Roblox