Roth MKM Downgrades Roblox to Neutral, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Eric Handler downgrades Roblox (RBLX) from Buy to Neutral and lowers the price target from $55 to $35.
May 14, 2024 | 9:35 am
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Roblox was downgraded by Roth MKM from Buy to Neutral with a significant reduction in price target from $55 to $35.
A downgrade from Buy to Neutral suggests a less optimistic outlook on the stock by the analyst, potentially due to underlying business challenges or market conditions. The significant reduction in the price target further emphasizes a bearish view on the stock's future performance, likely leading to negative investor sentiment and a possible short-term decline in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100