Roblox price target lowered to $150 from $158 at Oppenheimer

Oppenheimer lowered the firm’s price target on Roblox (RBLX) to $150 from $158 and keeps an Outperform rating on the shares. The firm notes the company reported Q3 bookings of $1.92B, ahead of FactSet consensus of $1.72B. Roblox guided Q4 bookings to $2.03B, implying 44% year-over-year growth. With bookings up 70% year-over-year and daily average users surpassing 150M in Q3, Roblox needs no proof of its dominance in interactive entertainment for gen Z and gen Alpha, Oppenheimer argues. Arguably, management’s more conservative tone on 2026 bookings and expected margin compression disrupt bulls’ narrative temporarily. The firm sees the stock decline yesterday as an excellent buying opportunity for long-term investors.