Wells Fargo lowered the firm’s price target on Roblox (RBLX) to $107 from $141 and keeps an Overweight rating on the shares. The firm believes in secular growth story, but acknowledges “we were likely underestimating the difficulty of the 2025 content cycle comps.” Wells is cutting 2026 and beyond estimates, but sees healthy growth profile and interesting post-Q4 print opportunity for investors with longer duration.
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