Deutsche Bank Maintains Buy on Roblox, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Benjamin Black maintains a Buy rating on Roblox (RBLX) but lowers the price target from $55 to $40.

May 10, 2024 | 4:30 pm
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Deutsche Bank maintains a Buy rating on Roblox but reduces the price target from $55 to $40, indicating a positive outlook but with reduced short-term price expectations.
The maintenance of a Buy rating by Deutsche Bank suggests a continued positive outlook on Roblox's fundamentals and growth potential. However, the reduction in the price target may reflect adjustments in market conditions, valuation concerns, or revised growth expectations, which could lead to mixed reactions in the short term. Investors might view the lowered price target as a sign of caution, potentially leading to short-term price volatility.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100