Morgan Stanley Upgrades Roblox to Equal-Weight, Raises Price Target to $30
Portfolio Pulse from richadhand@benzinga.com
Morgan Stanley analyst Matthew Cost has upgraded Roblox (NYSE:RBLX) from Underweight to Equal-Weight and raised the price target from $26 to $30.
August 10, 2023 | 9:21 am
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Roblox has been upgraded by Morgan Stanley from Underweight to Equal-Weight, with a price target increase from $26 to $30.
The upgrade from Morgan Stanley is a positive signal for Roblox. The change from Underweight to Equal-Weight indicates a more favorable view of the company's stock. Additionally, the increase in price target from $26 to $30 suggests that the analyst sees potential for the stock's price to rise in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100