Piper Sandler Maintains Overweight on Roblox, Raises Price Target to $52
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Thomas Champion has maintained an Overweight rating on Roblox Corporation (NYSE:RBLX) and increased the price target from $50 to $52.
November 16, 2023 | 3:22 pm
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Piper Sandler's analyst Thomas Champion reaffirmed an Overweight rating on Roblox and raised the price target to $52, indicating a positive outlook on the stock.
The increase in price target by Piper Sandler suggests a bullish outlook on Roblox, which could lead to increased investor confidence and a potential short-term rise in the stock price. Analyst ratings and price target adjustments are significant factors that investors consider when making investment decisions.
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