Piper Sandler Maintains Overweight on Roblox, Raises Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Thomas Champion has maintained an Overweight rating on Roblox (NYSE:RBLX) and increased the price target from $48 to $54.
October 09, 2024 | 12:00 pm
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Piper Sandler has reaffirmed its Overweight rating on Roblox and increased the price target to $54, indicating a positive outlook on the stock.
The increase in price target from $48 to $54 by Piper Sandler suggests a positive sentiment towards Roblox's future performance. The Overweight rating indicates that the analyst expects the stock to outperform the market, which could lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100