Needham Reiterates Buy on Roblox, Maintains $48 Price Target
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Bernie McTernan has reiterated a 'Buy' rating on Roblox (NYSE:RBLX) and maintained a price target of $48.

June 28, 2023 | 9:13 am
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Roblox's stock rating has been reiterated as 'Buy' by Needham analyst Bernie McTernan, with a maintained price target of $48.
The reiteration of a 'Buy' rating by a reputable analyst like Bernie McTernan indicates a positive outlook for Roblox's stock. The maintained price target of $48 also suggests that the analyst believes the stock is undervalued at its current price, which could lead to an increase in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100