Wells Fargo lowered the firm’s price target on Roblox (RBLX) to $78 from $97 and keeps an Overweight rating on the shares. The firm says Q1 appears roughly in line with expectations, but with a March exit rate likely below the Q1 bookings guide, Wells sees achievement of full year guidance likely more second half of 2026 dependent than previously. The firm sees downside risk to Q2 consensus bookings and EBITDA.
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