Needham Maintains Buy on Roblox, Raises Price Target to $51
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Bernie McTernan maintains a 'Buy' rating on Roblox (NYSE:RBLX) and raises the price target from $40 to $51.
November 09, 2023 | 10:45 am
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POSITIVE IMPACT
Needham analyst Bernie McTernan maintains a 'Buy' rating on Roblox and raises the price target from $40 to $51. This could potentially lead to an increase in the stock's price.
The raised price target by Needham analyst indicates a positive outlook for Roblox. This could potentially attract more investors, leading to an increase in demand for the stock and subsequently, a rise in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100