Wedbush Maintains Outperform on Roblox, Lowers Price Target to $46
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Nick McKay maintains an Outperform rating on Roblox (RBLX) but lowers the price target from $56 to $46.

May 10, 2024 | 1:55 pm
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Wedbush analyst Nick McKay maintains an Outperform rating on Roblox but lowers the price target from $56 to $46, indicating a positive outlook but adjusting expectations.
The maintenance of an Outperform rating by Wedbush suggests a continued positive outlook on Roblox's performance. However, the reduction in the price target from $56 to $46 could reflect adjustments in market expectations or valuation metrics, potentially leading to short-term price volatility as investors recalibrate their expectations based on this new target.
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