Goldman Sachs lowered the firm’s price target on Roblox (RBLX) to $125 from $140 and keeps a Buy rating on the shares. Ahead of Q1 earnings, key debates around Roblox center on execution and engagement trends, alongside the company’s progress in expanding its presence in the global gaming market, the analyst tells investors in a research note, adding that intra-quarter data and ongoing platform initiatives continue to support the view that Roblox is scaling its long-term growth strategy and increasing its market penetration.
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