Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Roblox Stock Fell Hard Today

TheMotleyFool

0 0

Shares of the gaming platform company Roblox (NYSE: RBLX) plunged this morning after an analyst downgraded the company's stock and put a $30 price target on its shares.

Investors reacted quickly to the news and sent Roblox stock tumbling 8.6% as of 11:57 a.m. ET.

Atlantic Equities analyst Kunaal Malde downgraded Roblox's shares from overweight to neutral and put a $30 price target on the stock. Malde is concerned that slowing user engagement is a problem that could hurt Roblox's growth.

Source Fool.com

Like: 0

RBLX

Share