Roth MKM Reiterates Buy on Roblox, Maintains $48 Price Target
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Eric Handler has reiterated a 'Buy' rating on Roblox (NYSE:RBLX) and maintained a price target of $48.
October 13, 2023 | 6:39 pm
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POSITIVE IMPACT
Roblox's stock rating has been reiterated as 'Buy' by Roth MKM with a maintained price target of $48.
The reiteration of a 'Buy' rating by a reputable analyst like Eric Handler from Roth MKM is a positive signal for investors. It suggests that the analyst believes the stock is undervalued at its current price and has the potential to reach the target price of $48. This could lead to increased investor confidence and potentially a rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100