Roblox Corp (NYSE:RBLX) was downgraded to "underperform" from "hold" by Jefferies, which viewed its 30% rally following second-quarter results as overly optimistic about bookings over the next 12 months. The broker maintained its $38 price target, implying 18% downside and a valuation of 19 times its financial year 2027 EBITDA estimate.
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