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Motley Fool
Why Roblox Stock Dropped 6.5% Today
On yet another tough day for tech stocks, with the Nasdaq down 1%, Roblox (NYSE: RBLX) stock fell harder than most. Shares of the online gaming platform plummeted 6.5% through close of trading Thursday, then continued to fall after-hours — and you can blame Jefferies for that. In a note covered by TheFly.com today, Jefferies lowered its price target on Roblox shares by $10, to just $50 a share.
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