Check Out What Whales Are Doing With RBLX
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Roblox (NYSE:RBLX), with 63% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $30.0 to $70.0 for Roblox over the last 3 months. The price of RBLX is up 1.17% at $41.63. Canaccord Genuity and Needham have both downgraded their action to Buy with a price target of $48.
July 10, 2023 | 8:17 pm
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Roblox (RBLX) has seen a bearish stance from a significant investor, with a price target range of $30-$70 over the last 3 months. Canaccord Genuity and Needham have downgraded their action to Buy with a price target of $48.
The bearish stance from a significant investor, along with the downgrade from Canaccord Genuity and Needham, could potentially lead to a decrease in the stock price of Roblox (RBLX) in the short term. The targeted price range of $30-$70 over the last 3 months also indicates a potential decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100