Citigroup Maintains Buy on Roblox, Lowers Price Target to $51
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jason Bazinet has maintained a 'Buy' rating on Roblox (NYSE:RBLX), but lowered the price target from $53 to $51.
August 17, 2023 | 1:52 pm
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NEUTRAL IMPACT
Roblox's price target has been lowered by Citigroup from $53 to $51, but the 'Buy' rating is maintained.
The lowering of the price target by Citigroup could potentially create a negative sentiment among investors. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the stock. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100