TD Cowen lowered the firm’s price target on Roblox (RBLX) to $70 from $77 and keeps a Sell rating on the shares. The firm trimmed its Q4 bookings estimate from $2.30B to $2.24B (+65% year-over-year) based on a slower December than they had been modeling. They also reduced their FY26 estimate from $8.48B to $8.09B, based on the exit rate into 2026.
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