Barclays analyst Ross Sandler raised the firm’s price target on Roblox (RBLX) to $130 from $120 and keeps an Equal Weight rating on the shares.
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Wall Street eyed a US-China truce agreed by Trump and Xi, cooling hopes for a December rate cut and the next batch of Big Tech earnings.
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The Russell Midcap® Growth Index (up 2.78%) underperformed the Russell Midcap® Value Index (up 6.16%), losing some momentum after a notably strong second quarter.