JP Morgan Upgrades Roblox to Overweight, Raises Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Cory Carpenter upgrades Roblox (NYSE:RBLX) from Neutral to Overweight and raises the price target from $41 to $48.
April 23, 2024 | 11:48 am
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POSITIVE IMPACT
Roblox upgraded by JP Morgan from Neutral to Overweight with a price target increase from $41 to $48.
An upgrade from Neutral to Overweight by a major financial institution like JP Morgan typically signals a strong vote of confidence in the company's future performance. The increase in price target from $41 to $48 further emphasizes the analyst's positive outlook on the stock, likely leading to increased investor interest and potentially a short-term price increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100