Raymond James cut its investment rating on Roblox to "outperform" from "strong buy" on Wednesday.

Raymond James analyst Andy Marck downgraded Roblox from a Strong Buy rating to an Outperform rating and raised the price target from $81 to $130.

Raymond James cut its investment rating on Roblox (NYSE:RBLX) to "outperform" from "strong buy" on Wednesday. The research firm said the success of Grow A Garden has helped drive the stock price ...