Canaccord Genuity Maintains Buy on Roblox, Lowers Price Target to $42
Portfolio Pulse from jenniferd'souza@benzinga.com
Canaccord Genuity analyst Jason Tilchen has maintained a 'Buy' rating on Roblox (NYSE:RBLX), but lowered the price target from $48 to $42.
August 11, 2023 | 12:22 pm
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Roblox's price target has been lowered from $48 to $42 by Canaccord Genuity, though the 'Buy' rating is maintained.
The lowering of the price target 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 stock, which could balance out any negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100