Needham Maintains Buy on Roblox, Raises Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Bernie McTernan maintains a Buy rating on Roblox (RBLX) and raises the price target from $51 to $55.

February 08, 2024 | 10:44 am
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Needham analyst Bernie McTernan maintains a Buy rating on Roblox and raises the price target from $51 to $55.
The upgrade in price target by a reputable analyst like Bernie McTernan signals a positive outlook on Roblox's financial health and future growth prospects. This is likely to instill confidence in investors, potentially driving up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100