Morgan Stanley Maintains Equal-Weight on Roblox, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Matthew Cost maintains an Equal-Weight rating on Roblox (RBLX) and lowers the price target from $42 to $35.
May 10, 2024 | 3:48 pm
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Morgan Stanley's adjustment of Roblox's price target from $42 to $35, while maintaining an Equal-Weight rating, could influence investor sentiment and potentially impact RBLX's stock price in the short term.
Price target adjustments by major financial institutions like Morgan Stanley can significantly affect stock prices. Lowering the target suggests a bearish outlook, which might lead to a decrease in investor confidence and a potential short-term price drop for RBLX.
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IMPORTANCE 75
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