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Business

Dylan Berman

What's Going On With Roblox Shares Wednesday?

Roblox RBLX Raymond James Grow A Garden

Little,Boy,Playing,Roblox,Game,On,A,Tablet.,Roblox,Is

Roblox Corporation (NYSE:RBLX) shares are trading lower on Wednesday. Raymond James analyst Andy Marck downgraded Roblox from a Strong Buy rating to an Outperform rating and raised the price target from $81 to $130.

What To Know: The analyst said the sharp rise in expectations following the success of Grow A Garden prompted a downgrade to Outperform, citing a more measured trajectory for the stock.

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