Truist Securities Maintains Hold on Roblox, Raises Price Target to $45
Portfolio Pulse from richadhand@benzinga.com
Truist Securities analyst Matthew Thornton has maintained a 'Hold' rating on Roblox (NYSE:RBLX) and raised the price target from $42 to $45.
July 18, 2023 | 2:18 pm
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NEUTRAL IMPACT
Roblox's price target has been raised from $42 to $45 by Truist Securities, while maintaining a 'Hold' rating.
The news is directly about Roblox and its price target. The raised price target indicates a positive outlook, but the 'Hold' rating suggests that the stock is fairly valued at its current price. Therefore, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100