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Roblox's stock sees a drop in holdings by Smith Group, but gets a boost from raised price targets by analysts.
Roblox Corporation's shares saw a 7.1% decrease in holdings by Smith Group Asset Management LLC, though the firm remains committed to the stock.
Analysts from Oppenheimer and JPMorgan have raised their price targets to $105.00 and $120.00, respectively, rating the stock "overweight."
Despite a negative net margin of 22.94% and return on equity of 442.68%, Roblox reported a 30.6% increase in quarterly revenue.
The company's CEO recently sold a significant portion of his shares.
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Las acciones de Roblox ven una caída en las tenencias de Smith Group, pero obtienen un impulso de los objetivos de precios aumentados por los analistas.