Barclays Upgrades Roblox to Equal-Weight, Raises Price Target to $46
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Ross Sandler has upgraded Roblox (NYSE:RBLX) from Underweight to Equal-Weight and increased the price target from $26 to $46.
February 08, 2024 | 11:05 am
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POSITIVE IMPACT
Barclays upgraded Roblox from Underweight to Equal-Weight and raised the price target from $26 to $46.
The upgrade from Underweight to Equal-Weight by a major financial institution like Barclays, accompanied by a significant increase in the price target, is a strong positive signal to the market. This suggests a more favorable outlook on Roblox's financial health and growth prospects, likely leading to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100