Roblox price target lowered to $120 from $136 at Roth Capital

Roth Capital lowered the firm’s price target on Roblox (RBLX) to $120 from $136 and keeps a Neutral rating on the shares after its Q3 results. Shares fell over 15% as management sounded restrained toward its ability to grow bookings 20% next year against tough comparisons, and while the long-term runway for growth remains substantial, 2026 has some challenges, the analyst tells investors in a research note.