Wells Fargo Maintains Overweight on Roblox, Raises Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Ken Gawrelski has maintained an Overweight rating on Roblox and raised the price target from $46 to $54.
October 09, 2024 | 3:41 pm
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Wells Fargo has increased its price target for Roblox from $46 to $54, maintaining an Overweight rating. This suggests confidence in Roblox's growth potential.
The increase in price target from $46 to $54 by Wells Fargo indicates a positive outlook on Roblox's future performance. The Overweight rating suggests that the analyst expects the stock to outperform its peers, which could lead to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100