BTIG analyst Clark Lampen lowered the firm’s price target on Roblox to $48 from $52 but keeps a Buy rating on the shares. The company’s Q3 results were substantially ahead of both consensus and more importantly buy-side expectations, and with confidence around the medium-term bull case growing ahead of a seasonally strong Q4, Roblox shares should continue trending higher into next week’s Investor Day, the analyst tells investors in a research note.
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