RBLX Stock Downgraded Ahead Of Earnings, Analyst Says Stock Could Fall Another 18%

Roblox (RBLX) stock fell in early morning trade on Monday after Jefferies downgraded the shares, stating that the roughly 30% rally since the company’s second-quarter results had priced in too much improvement in bookings.Jefferies downgraded Roblox to ‘Underperform’ from ‘Hold’ while keeping its p…