Barclays Maintains Equal-Weight on Roblox, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Ross Sandler has maintained an Equal-Weight rating on Roblox (RBLX) but has lowered the price target from $46 to $35.
May 10, 2024 | 7:38 pm
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Barclays has maintained its Equal-Weight rating on Roblox but reduced the price target from $46 to $35, indicating a more cautious outlook on the stock's value.
The reduction in price target by a significant margin suggests that Barclays has a more conservative valuation of Roblox, which could lead to negative investor sentiment in the short term. This adjustment reflects concerns about the company's future growth prospects or market conditions that may affect its stock price.
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