Truist Securities Maintains Hold on Roblox, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Matthew Thornton has maintained a 'Hold' rating on Roblox (NYSE:RBLX) and lowered the price target from $45 to $35.
August 18, 2023 | 10:19 am
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Roblox's price target has been lowered from $45 to $35 by Truist Securities, while maintaining a 'Hold' rating.
The lowering of the price target by Truist Securities indicates a potential decrease in the stock's value. The 'Hold' rating suggests that the stock is not expected to outperform the market in the near term, which could negatively impact investor sentiment.
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