Citi boosts Roblox price target ahead of earnings report

On Monday, February 3, 2025, a series of significant analyst calls were made on Wall Street regarding major stocks. Citi Research announced its decision to reiterate its buy rating on Roblox, raising the price target from $63 to $82 per share as the company anticipates strong earnings driven by recent growth in bookings attributed to new experiences within the platform. In contrast, Baird downgraded CrowdStrike from outperform to neutral based on valuation concerns, noting that large-cap multiples reflect market dislocation. Additionally, the impact of recent tariffs imposed by the Trump administration on Mexican imports influenced Morgan Stanley’s downgrade of U.S. Steel from overweight to equal weight, as the firm warns of potential valuation risks amid protectionist trade measures expected to affect the steel industry. In a more positive light, Redburn Atlantic Equities upgraded Dexcom to buy, citing that the company is well-positioned in the glucose management sector, while Wedbush initiated coverage on Tower Semiconductor with an outperform rating, reflecting optimism for the semiconductor firm's prospects. Meanwhile, UBS made a notable upgrade for Caterpillar, shifting its rating from sell to neutral, highlighting a more balanced risk/reward outlook as the company prepares for its initial 2025 projections. Bank of America reiterated its buy rating on Apple, emphasizing that manageable tariffs have not hindered the company's stable cash flows and earnings. Overall, the market appears to be adjusting strategically as analysts adapt to evolving forecasts and changing economic conditions.