Wells Fargo and TD Cowen Cut Roblox (RBLX) Price Targets

Core Insights - Roblox Corporation (NYSE:RBLX) is recognized as one of the top 10 stocks to buy on the NYSE according to analysts [1] - Wells Fargo has reduced its price target for Roblox from $141 to $107 while maintaining an Overweight rating, anticipating a decline in December bookings growth to the mid-30% range from previous highs of 60% [1][2] - TD Cowen has also lowered its price target for Roblox from $77 to $70, citing a decrease in user engagement during December [3] Financial Projections - Wells Fargo forecasts that Roblox's full-year 2026 bookings will range between $7.85 billion and $8.0 billion, indicating a growth of approximately 19% to 21% [2] - The firm expects bookings growth in 2026 to be "highly variable," with the most significant growth anticipated in the first quarter [2] User Engagement Trends - In December, year-over-year growth in hours spent on the platform fell to 74%, a significant drop from 99% in November and 110% in October [4] - The last week of December recorded only 66% year-over-year growth in hours spent, marking the weakest holiday-season growth rate for Roblox in at least four years [4]