Roblox dips; UBS initiates coverage with 'neutral' rating

Shares of video game platform Roblox RBLX.N fall 1.4% to $92.41

UBS initiates coverage with "neutral" rating

Brokerage sets PT at $103, implying a 9.9% upside to stock's last close

"We also see the rollout of enhanced safety/age verification tools starting in December to users of chat functions as a long-term positive but creates downside risk to short-term users/engagement given potential friction" - UBS

Average rating of 35 analysts is "buy", their median PT is $150 - data compiled by LSEG

Up to last close, RBLX has risen 61.9% this year