# Roblox Opens About 3.5% Lower After Citi Cuts Rating to Neutral By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/56862 Published: 2026-11-13T16:00:07.000Z Updated: 2026-11-13T16:00:07.000Z Section: Investing > Citi kept its $55 price target, while Roblox's third-quarter update showed declines in daily users and time spent on the platform. Roblox Corporation shares opened about 3.5% lower Friday, Nov. 13, after Citi downgraded the gaming company from Buy to Neutral, pointing to concerns about slowing engagement and potential risks to bookings growth. Citi maintained its $55 price target. Roblox's [third-quarter update]() showed the platform averaged 138 million daily active users, 9% fewer than a year earlier, while users logged 33.8 billion hours, down 15%. The company also forecast fourth-quarter bookings of $1.89 billion to $2 billion, 10% to 15% below the year-earlier period, in its [outlook](). ## Links in this article - [third-quarter update](https://www.tokenpost.com/news/business/44737) - [outlook](https://www.tokenpost.com/news/business/44027)