Piper Sandler Maintains Overweight on Roblox, Raises Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Thomas Champion maintains an Overweight rating on Roblox and raises the price target from $54 to $65.
November 01, 2024 | 12:20 pm
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POSITIVE IMPACT
Piper Sandler has increased its price target for Roblox from $54 to $65, maintaining an Overweight rating. This suggests a positive outlook for Roblox's stock.
The increase in price target from $54 to $65 by Piper Sandler, along with maintaining an Overweight rating, indicates a positive sentiment towards Roblox's future performance. This is likely to have a positive short-term impact on the stock price as investors may view this as a sign of confidence in the company's growth prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100