Roblox price target lowered to $54 from $70 at TD Cowen

TD Cowen lowered the firm’s price target on Roblox (RBLX) to $54 from $70 and keeps a Sell rating on the shares. The firm cut the company’s estimates ahead of earnings citing “weak” recent engagement trends. Based on engagement trends through the end of March, TD reduced its fiscal 2026 bookings estimate to $7.75B from $7.91B, putting it even further below the bottom end of Roblox’s guidance range. A guidance cut, which seems highly likely, “would be highly damaging to management’s credibility, and would likely impair the company’s multiple,” the analyst tells investors in a research note.