Roblox Stock Falls After Jefferies Cuts It to Underperform

Roblox NYSE:RBLX, the online gaming platform, fell 5.56% intraday, as of 12:30 p.m. ET, after Jefferies downgraded the stock from Hold to Underperform with a $38 price target. The firm argued the roughly 30% rally since second-quarter results reflects an overly optimistic view of bookings over the…