Roblox (RBLX) stock fell 27.7% in less than one month. Shares declined from $87.28 on January 16 to $63.06. A Trefis analysis suggests potential for further downside.
Trefis identifies a possible $44 price target. This projection cites high valuation and historical precedents.
The analysis reviews historical 30-day declines of 30% or more. Median returns for the following 12-month period reached -23%.