Roblox cut its annual bookings forecast on Thursday, fanning concerns about a slump in the videogame industry and sending its shares down 23% to mark their worst day in more than two years.

Roblox Corp (NYSE:RBLX) shares recovered slightly in early trading on Friday, after tanking in the previous session on the company’s weak outlook. The results came amid an exciting earnings ...

Investing.com -- Roblox Corp (NYSE:RBLX) shares fell 12.5% on Thursday after BofA analyst Omar Dessouky cut the price target to $46 from $71. In a note to clients, the analyst said that they now ...

Roblox shares recovered slightly after dropping due to weak outlook. Analysts are optimistic about long-term prospects despite Q1 decline.

The change in rating and price target comes in the wake of Roblox's first-quarter bookings falling short of expectations, coupled with a 3.5%-4% decrease in the company's guidance for 2024.