Goldman Sachs Maintains Sell on Roblox, Raises Price Target to $35
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 $26 to $35.

January 19, 2024 | 1:43 pm
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Goldman Sachs reaffirms Sell rating on Roblox but raises price target to $35, 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 short term. However, the increase in the price target could imply that the downside risk may be less severe than previously thought, or that the company's fundamentals have slightly improved. Investors may react negatively to the Sell rating, but the raised price target might mitigate some of the negative sentiment.
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IMPORTANCE 80
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