I'm LongbridgeAI, I can summarize articles.Jefferies downgraded Roblox (RBLX) stock, predicting an additional 18% decline. The firm argues the recent 30% rally stems from overly optimistic bookings expectations and anticipates a longer, costlier recovery in US and Canadian users. Additionally, Jefferies noted that Roblox's new discovery algorithm may restrict short-term user growth by favoring specific content.
・Jefferies said the stock’s roughly 30% rally since second-quarter results reflects an overly optimistic bookings outlook. ・The firm expects Roblox’s recovery in U.S. and Canada users and bookings to be "longer and more costly" than the market expects. ・It added that Roblox’s new discovery algorithm could limit short-term user growth by favoring ga...