Citi lowered the firm’s price target on Roblox (RBLX) to $90 from $105 and keeps a Buy rating on the shares. The firm sees the company’s Q1 bookings and adjusted EBITDA hitting the the low end of its guidance. In addition, consensus estimates for Roblox’s Q2 bookings are too high, the analyst tells investors in a research note. Citi thinks Roblox will struggle to meet the low end of its 2026 bookings guidance without a new hit game.
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