Roblox price target lowered to $130 from $150 at Oppenheimer

Oppenheimer analyst Martin Yang lowered the firm’s price target on Roblox (RBLX) to $130 from $150 and keeps an Outperform rating on the shares following quarterly results. The firm notes management countered the narrative that generative AI will disrupt Roblox. It views technology that lowers creation barriers as a tailwind for Roblox and helps to accelerate content velocity. Oppenheimer believes Roblox remains highly attractive for its long-term improvement in platform economics, untapped revenue sources, and defensible technological moats over competitors in gaming.