Investing.com -- Roblox Corp (NYSE:RBLX) shares fell 12.5% on Thursday after BofA analyst Omar Dessouky cut the price target to $46 from $71. In a note to clients, the analyst said that they now ...

Roblox RBLX-N cut its annual bookings forecast on Thursday, fanning concerns about a slump in the videogame industry and sending its shares down 23% to mark their worst day in more than two years.

Roblox Corp (NYSE: RBLX) shares recovered slightly in early trading on Friday, after tanking in the previous session on the company’s weak outlook. The results came amid an exciting earnings season.