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 17, 2023 | 2:15 pm
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Goldman Sachs reaffirms Sell rating on Roblox but raises the price target from $23 to $26, indicating a potential downside based on the current market price.
The reaffirmation of a Sell rating by a major analyst like Goldman Sachs typically suggests a bearish outlook on the stock, which could lead to a negative investor sentiment and potential downward pressure on the stock price in the short term. However, the increase in the price target might slightly mitigate the negative impact as it suggests a less bearish stance than before.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100