JPMorgan downgrades Roblox, says hits like “Steal a Brainrot” are past their peak
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JPMorgan downgraded Roblox from "overweight" to "neutral," citing challenges like the decline of popular games and potential impacts from Russia's ban and new features. Analyst Cory Carpenter highlighted competition from upcoming releases like "Grand Theft Auto VI" and the Fortnite-Unity partnership as additional pressures on Roblox's engagement and growth.
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