Goldman Sachs Maintains Neutral on Roblox, Lowers Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Eric Sheridan has maintained a Neutral rating on Roblox (RBLX) and lowered the price target from $48 to $38.
May 13, 2024 | 3:53 pm
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NEGATIVE IMPACT
Goldman Sachs has maintained a Neutral rating on Roblox but reduced the price target from $48 to $38, indicating a cautious outlook.
The reduction in price target by a significant financial institution like Goldman Sachs can lead to negative investor sentiment in the short term, potentially causing a decrease in stock price. The Neutral rating suggests no significant upside or downside, but the lowered target indicates caution.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100