Deutsche Bank downgrades Roblox stock, citing slowing revenue growth and mixed Q2 results.

Deutsche Bank downgraded Roblox stock to Hold with a price target of $38, signaling a potential 22% drop from current levels. Roblox reported mixed Q2 results with a smaller-than-expected loss but revenues slightly below estimates. The company expects revenue growth to slow significantly to 4-10% in the current quarter, raising concerns about future growth. This downgrade reflects caution among analysts despite some positive earnings news, leading to a 3% stock price decline on the day.