Roblox price target lowered to $27.50 from $35 at Morgan Stanley

Morgan Stanley analyst Matthew Cost lowered the firm’s price target on Roblox to $27.50 from $35 and keeps an Equal Weight rating on the shares after the company reported November results that were weaker than expected and broke the trend of reacceleration that began in May. However, he also believes that results strengthened over the course of November, with exit rates from the month similar to October results, Cost noted.