Benchmark Maintains Buy on Roblox, Lowers Price Target to $35
Portfolio Pulse from richadhand@benzinga.com
Benchmark analyst Mike Hickey maintains a Buy rating on Roblox (NYSE:RBLX) but has lowered the price target from $45 to $35.
August 10, 2023 | 3:23 pm
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Roblox's price target has been lowered from $45 to $35 by Benchmark, though the Buy rating is maintained.
The lowering of the price target by Benchmark could potentially lead to a short-term decrease in Roblox's stock price. However, the maintained Buy rating indicates that the analyst still sees potential in the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100