Roblox Says 5% Held w/ SVB; Bank Failure Won’t Impact Ops

Roblox said 5% of its $3b cash and securities balance is held at SVB.

• Says SVB failure will have “no impact” on company operations

NOTE

• Roblox Corp. fell 0.4% in postmarket trading to $39.88 as of 5:30 p.m. New York time
  • The average 12-month price target of $42.81 is 7.3% above the current price
  • 17 buys, 10 holds, 7 sells

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Allegra Fradkin in New York at afradkin@bloomberg.net

To contact the editor responsible for this story:
Chakradhar Adusumilli at cadusumilli@bloomberg.net

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