Goldman Sachs Maintains Sell on Roblox, Raises Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Kevin Kumar has maintained a Sell rating on Roblox Corporation (NYSE:RBLX) but increased the price target from $23 to $26.

November 16, 2023 | 1:49 pm
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Goldman Sachs reaffirms Sell rating on Roblox but raises price target from $23 to $26, indicating a potential downside based on the current market price.
The Sell rating suggests that Goldman Sachs believes RBLX stock may not perform well in the near term. However, the increase in the price target could imply that the downside risk may be less severe than previously thought. This mixed signal might lead to short-term uncertainty among investors, potentially exerting downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100