JP Morgan Maintains Neutral on Roblox, Raises Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Alexia Quadrani has maintained a Neutral rating on Roblox Corporation (NYSE:RBLX) while raising the price target from $33 to $37.
November 16, 2023 | 3:00 pm
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POSITIVE IMPACT
Roblox Corporation's price target has been raised from $33 to $37 by JP Morgan, although the rating remains Neutral.
The increase in price target by a major financial institution like JP Morgan can be seen as a positive signal, potentially leading to a short-term increase in investor confidence and stock price. However, since the rating is still Neutral, the impact may be moderate rather than strong.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100