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Roblox (RBLX) stock fell in early morning trade on Monday after Jefferies downgraded the shares, stating that the roughly 30% rally since the company’s second-quarter results had priced in too much improvement in bookings.Jefferies downgraded Roblox to ‘Underperform’ from ‘Hold’ while keeping its p…
Piper Sandler lowered its target citing a slower recovery amid tougher promotions and pressure across key markets.