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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NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100