DA Davidson Maintains Buy on Roblox, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Franco Granda maintains a 'Buy' rating on Roblox (NYSE:RBLX) but lowers the price target from $55 to $45.

August 10, 2023 | 5:04 pm
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NEUTRAL IMPACT
Roblox's price target has been lowered from $55 to $45 by DA Davidson, though the 'Buy' rating is maintained.
The lowering of the price target by DA Davidson could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company, which could offset the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100