BMO Capital Reiterates Outperform on Roblox, Lowers Price Target to $56
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Brian Pitz has reiterated an Outperform rating on Roblox (RBLX) but lowered the price target from $57 to $56.

May 13, 2024 | 1:38 pm
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BMO Capital's analyst Brian Pitz reaffirmed an Outperform rating on Roblox, adjusting the price target down from $57 to $56.
The reiteration of an Outperform rating suggests a positive outlook on Roblox by BMO Capital, indicating confidence in the company's future performance. However, the slight decrease in the price target could reflect minor concerns or adjustments in valuation models, potentially leading to mixed reactions in the short term. The overall impact is likely neutral as the positive rating is counterbalanced by the minor adjustment in the price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100