Roblox shares are trading higher after Morgan Stanley upgraded the stock from Underweight to Equal-Weight and raised its price target from $26 to $30.
Portfolio Pulse from Benzinga Newsdesk
Roblox shares are trading higher following an upgrade from Morgan Stanley. The firm upgraded the stock from Underweight to Equal-Weight and raised its price target from $26 to $30.
August 10, 2023 | 12:35 pm
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POSITIVE IMPACT
Roblox's stock is trading higher after Morgan Stanley upgraded the stock and raised its price target. This could lead to increased investor confidence in the short term.
The upgrade from Morgan Stanley, a major financial institution, is a positive signal for Roblox. The raised price target indicates that the firm sees potential for the stock's value to increase, which could boost investor confidence and drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100