Wedbush Reiterates Outperform on Roblox, Maintains $53 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Nick McKay has reiterated an Outperform rating on Roblox Corporation (NYSE:RBLX) and maintained a price target of $53.

January 31, 2024 | 2:40 pm
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Wedbush analyst Nick McKay reaffirmed an Outperform rating on Roblox Corporation and kept the price target at $53, indicating a positive outlook on the stock.
The reiteration of an Outperform rating by a reputable analyst like Nick McKay from Wedbush is likely to instill confidence in investors and could positively influence Roblox's stock price in the short term. The maintained price target of $53 suggests that the analyst sees potential for the stock to rise to that level, which is a bullish signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100