Goldman Sachs Upgrades Roblox to Neutral, Raises Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Eric Sheridan upgraded Roblox (NYSE:RBLX) from Sell to Neutral and increased the price target from $35 to $48.
February 08, 2024 | 10:57 am
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Goldman Sachs upgraded Roblox from Sell to Neutral and raised the price target from $35 to $48.
An upgrade by a major financial institution like Goldman Sachs typically leads to positive investor sentiment and can increase stock demand in the short term. The raised price target suggests a more optimistic outlook on the company's valuation, potentially leading to an increase in stock price.
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