Goldman Sachs Maintains Neutral on Roblox, Raises Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Eric Sheridan has maintained a Neutral rating on Roblox (NYSE:RBLX) and increased the price target from $35 to $48.
February 09, 2024 | 3:42 pm
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Goldman Sachs maintains a Neutral rating on Roblox but raises the price target from $35 to $48.
The increase in price target by Goldman Sachs, a major financial institution, signals a positive reassessment of Roblox's value, potentially leading to increased investor interest and a short-term positive impact on the stock price. However, the maintenance of a Neutral rating indicates that there are still uncertainties or concerns that prevent a more bullish stance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90