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

Roblox Corporation (NYSE:RBLX) is one of the 10 Best NYSE Stocks to Buy According to Analysts. On January 8, Wells Fargo cut its price target on Roblox Corporation (NYSE:RBLX) from $141 to $107 but kept its Overweight rating. The firm expects the company’s December bookings growth to be in the mid-30% range, down from the previous high-60% growth seen in October and November.

Looking ahead, Wells Fargo forecasts Roblox Corporation (NYSE:RBLX) to guide full-year 2026 bookings between $7.85 billion and $8.0 billion, which would represent growth of about 19% to 21%. The research firm pointed out that bookings growth throughout 2026 is likely to be “highly variable,” with the strongest growth expected in the first quarter.

Earlier, on January 6, TD Cowen also lowered its price target on Roblox Corporation (NYSE:RBLX) from $77 to $70 and kept its Sell rating. The firm’s analyst, Doug Creutz, pointed to slowing user engagement throughout December.

Creutz noted that in December, year-over-year growth in hours spent fell to 74%. This compares with 99% growth in November and 110% growth in October. In the final week of December, hours spent saw a growth of only 66% year-over-year. According to the analyst, this slowdown marks the weakest holiday-season growth rate for Roblox Corporation (NYSE:RBLX) in at least four years.

Roblox Corporation (NYSE:RBLX) is an American video game company that developed Roblox, an immersive gaming and creation platform.

While we acknowledge the potential of RBLX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 12 Stocks that Will Bounce Back According to Wall Street Analysts and 10 Best US Penny Stocks to Buy.

Disclosure: None. This article is originally published at Insider Monkey.