Roblox (RBLX) shares fell 8.58% to $63.07 during intraday trading, significantly underperforming the broader market following a period of macroeconomic uncertainty. The decline comes despite a recent Buy rating from Roth Capital with a price target of $84.
- The stock's retreat outpaced the NASDAQ Composite's 1.52% dip, as strong labor market data reduced investor expectations for upcoming Federal Reserve rate cuts.
- Analysts at Roth Capital remain optimistic about the company's long-term prospects, highlighting strong 2026 bookings guidance as a primary catalyst for their recent upgrade.
- Currently trading well below its 52-week high of $150.59, the stock is viewed by some as discounted despite the company's current lack of profitability and a P/E ratio of -48.40.