Raymond James Maintains Strong Buy on Roblox, Raises Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Andrew Marok has maintained a Strong Buy rating on Roblox (NYSE:RBLX) and increased the price target from $51 to $60.
October 31, 2024 | 6:39 pm
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POSITIVE IMPACT
Raymond James has reaffirmed its Strong Buy rating on Roblox and raised the price target to $60, indicating confidence in the company's future performance.
The increase in price target from $51 to $60 by Raymond James suggests a positive outlook on Roblox's future performance. The Strong Buy rating indicates strong confidence from the analyst, which is likely to positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100