Roblox is trading 4.94% down at $41.13 after Jefferies downgraded it to Underperform from Hold, citing overly optimistic bookings growth priced into the post-Q2 rally.
- Its September 28 downgrade set a $38 target; Jefferies forecast fiscal 2027 bookings growth of 5%, versus 13% consensus.
- Coverage reported shares fell after the downgrade, while major indices were nearly flat in the supplied market snapshot.
- No separate Roblox announcement for September 29 was found in available coverage.