Roblox price target lowered to $46 from $50 at Barclays

Barclays lowered the firm’s price target on Roblox (RBLX) to $46 from $50 and keeps an Equal Weight rating on the shares. The company missed high Q4 expectations, but the long term story remains intact, the analyst tells investors in a research note. The firm says steady growth and margin expansion, and a “compelling” artificial intelligence narrative, make Roblox “unique among Smid-Cap internet.”