JP Morgan Maintains Overweight on Roblox, Raises Price Target to $51
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Cory Carpenter maintains an Overweight rating on Roblox and raises the price target from $50 to $51.
October 22, 2024 | 4:54 pm
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POSITIVE IMPACT
JP Morgan analyst Cory Carpenter has maintained an Overweight rating on Roblox and slightly increased the price target from $50 to $51, indicating a positive outlook.
The maintenance of an Overweight rating and a slight increase in the price target by a reputable analyst from JP Morgan suggests a positive sentiment towards Roblox's stock. This could lead to a short-term increase in stock price as investors react to the updated price target and rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100