MoffettNathanson Upgrades Roblox to Neutral, Lowers Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
MoffettNathanson analyst Clay Griffin upgrades Roblox (RBLX) from Sell to Neutral but lowers the price target from $31 to $26.

May 10, 2024 | 4:42 pm
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NEUTRAL IMPACT
Roblox's rating was upgraded from Sell to Neutral by MoffettNathanson, although the price target was reduced from $31 to $26.
The upgrade to Neutral suggests a more favorable outlook on RBLX by MoffettNathanson, potentially stabilizing its stock price. However, the reduction in the price target to $26 indicates a tempered expectation for its growth or recovery, which could limit upside momentum in the short term. The mixed signals may result in a neutral short-term price movement as the market digests both the upgrade and the lowered price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100