Truist Securities Upgrades Roblox to Buy, Raises Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Matthew Thornton has upgraded Roblox (NYSE:RBLX) from Hold to Buy and raised the price target from $35 to $37.
October 27, 2023 | 10:24 am
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Roblox has been upgraded from Hold to Buy by Truist Securities, with a raised price target from $35 to $37.
The upgrade from Hold to Buy indicates a positive outlook for Roblox by Truist Securities. The raised price target from $35 to $37 suggests that the analyst believes the stock has potential for growth in the short term. This could lead to increased investor interest and potentially a rise in the stock price.
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