Super League Enterprise price target lowered to $2 from $3 at H.C. Wainwright

H.C. Wainwright lowered the firm’s price target on Super League Enterprise (SLE) to $2 from $3 and keeps a Buy rating on the shares following the Q3 report. Sales weakness was driven by customer hesitation, due to recent reports that questioned the safety of the Roblox platform for minors, the analyst tells investors in a research note. The firm says these softer trends, while temporary, are likely to carry through Q4 and potentially into 2025. However, most investors are more focused on the previously announced strategic investment and asset transfer from digital media and e-commerce company Infinite Reality, contends H.C. Wainwright.