Roblox Corporation (RBLX) saw its stock price plummet by 5.01% during the intraday session on Thursday, reflecting investor concerns following a significant adjustment in its target price by Wells Fargo.
The decline comes after Wells Fargo reduced its target price for Roblox Corporation from $141 to $107, signaling lowered expectations for the company's future performance. Such a substantial cut by a major financial institution often triggers negative sentiment among investors, leading to a sell-off.
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