Shares of Roblox Corporation (RBLX) plummeted 5.04% in Monday's pre-market trading session, following a significant downward revision in its price target by Deutsche Bank. The sharp decline comes as investors react to the lowered expectations for the popular gaming platform.

Deutsche Bank, a major financial institution, cut its target price for Roblox from $150 to $140. This reduction represents a 6.67% decrease in the bank's valuation of the company. While the exact reasons for the downgrade were not immediately clear, such moves by prominent analysts often reflect concerns about a company's growth prospects, financial performance, or market conditions.

The markdown in Roblox's target price by Deutsche Bank appears to have sparked a sell-off among investors, leading to the significant drop in the company's stock value. As the trading day progresses, market participants will be closely watching for any further analyst comments or company statements that might provide more context to this development and its potential impact on Roblox's future performance.