
Roblox (NYSE:RBLX) Trading Down 12.9% on Analyst Downgrade

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Roblox (NYSE:RBLX) shares fell 12.9% after Wedbush downgraded its price target from $165 to $110, maintaining an outperform rating. The stock traded as low as $65.53, with a significant increase in trading volume. Analysts have mixed sentiments, with some raising price targets while others express concerns over upcoming earnings and regulatory investigations. Insider selling has also been noted, with significant shares sold recently. Overall, the stock has a consensus rating of "Moderate Buy" and a target price of $131.65.
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