Benchmark Maintains Buy on Roblox, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Mike Hickey maintains a Buy rating on Roblox (RBLX) but lowers the price target from $50 to $40.
May 10, 2024 | 3:47 pm
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Benchmark analyst Mike Hickey maintains a Buy rating on Roblox but lowers the price target from $50 to $40, indicating a positive outlook but with reduced short-term price expectations.
While the maintenance of a Buy rating suggests confidence in Roblox's long-term prospects, the reduction in the price target could lead to mixed reactions in the short term. Investors might appreciate the continued endorsement but could also be concerned about the lowered expectations, potentially leading to short-term volatility in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100