Roblox price target lowered to $97 from $107 at Wells Fargo

Wells Fargo lowered the firm’s price target on Roblox (RBLX) to $97 from $107 and keeps an Overweight rating on the shares. The firm cites Q4 and Q1/FY26 guidance that were well ahead of expectations. Investor concern regarding difficult content comparisons starting late April will likely persevere, but management provided a confident forecast for the full year, Wells adds. The firm expects stock recovery post weakness year-to-date.