RBLX Downgraded to Hold by Deutsche Bank
Deutsche Bank downgrades RBLX to hold
RBLX Deutsche Bank downgraded Roblox to hold from buy.
Analysts pointed to a disappointing third-quarter outlook that materially reduces its near-term visibility.
That's partly because the online Gaming platform said it expects slower revenue and booking growth this quarter.
BTIG and BMO Capital downgraded for similar reasons.
Shares are down roughly 22% premarket. - per Cramer Investing Club Newsletter