超预期业绩难掩AI冲击，多家华尔街投行下调Roblox(RBLX.US)目标价

Core Viewpoint - Despite Roblox's (RBLX.US) better-than-expected Q4 2025 results, multiple investment banks have downgraded the company's ratings and target prices [1][2] Group 1: Financial Performance - Roblox expects Q1 2026 bookings to be between $1.69 billion and $1.74 billion, exceeding market expectations of $1.68 billion [1] - The company reported a 63% year-over-year increase in bookings, which outperformed previous concerns and expectations [1] - However, the growth rate has slowed compared to the previous quarter's 70% year-over-year increase [1] Group 2: Analyst Ratings and Target Price Adjustments - Citigroup analyst Jason Bazinet lowered Roblox's target price from $152 to $119 while maintaining a "Buy" rating, reflecting updates to the financial model post-Q4 2025 earnings [1] - Piper Sandler reduced Roblox's target price from $125 to $100, keeping an "Overweight" rating, noting the stock's outperformance despite the growth rate slowdown [1] - UBS cut Roblox's target price from $103 to $74, assigning a "Neutral" rating, citing strong Q4 2025 performance but concerns over competition and emerging AI platforms [2]