Roblox downgraded to Sell from Neutral at MoffettNathanson

MoffettNathanson downgraded Roblox (RBLX) to Sell from Neutral with a $34 price target citing concerns about potential headline risks, saturation in the U.S., and some “ill-conceived notions” about the total addressable market and the advertising opportunity. Despite the selloff yesterday, risk “feels skewed to the downside,” the analyst tells investors.