Roblox Corp (NYSE:RBLX) shares are trading lower by 9.68% at $27.15. Roblox is falling after Atlantic Equities downgraded the stock from Overweight to Neutral and announced a $30 price target.
Roblox is also experiencing marked weakness after social media peer Snap Inc (NYSE:SNAP) filed a Form 8-K with the U.S. Securities and Exchange Commission showing it expects to miss its previously-issued guidance.
"The macroeconomic environment has deteriorated further and faster than anticipated," Snap said in the filing... Read More
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Roblox operates an online video game platform that lets young gamers create, develop, and monetize games for other players.
According to data from Benzinga Pro, Roblox has a 52-week high of $141.60 and a 52-week low of $21.65.
