Why Roblox Stock Fell Hard Today

·1 min read
Why Roblox Stock Fell Hard Today

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.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting