JPMorgan analyst Cory Carpenter lowered the firm’s price target on Roblox (RBLX) to $145 from $160 and keeps an Overweight rating on the shares. The company’s Q3 bookings beat a high bar but its comments on 2026 drove the stock lower, the analyst tells investors in a research note.
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Read More on RBLX:
- Roblox price target lowered to $120 from $136 at Roth Capital
- Roblox price target lowered to $150 from $158 at Oppenheimer
- Roblox price target lowered to $141 from $155 at Wells Fargo
- Roblox downgraded to Hold from Buy at Benchmark
- Benchmark sees Roblox entering ‘normalization phase,’ downgrades to Hold