JP Morgan Maintains Overweight on Roblox, Raises Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Cory Carpenter maintains an Overweight rating on Roblox and raises the price target from $51 to $62.
November 01, 2024 | 1:13 pm
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POSITIVE IMPACT
JP Morgan analyst Cory Carpenter has maintained an Overweight rating on Roblox and increased the price target from $51 to $62, indicating a positive outlook on the stock.
The increase in price target from $51 to $62 by JP Morgan suggests a positive outlook on Roblox's future performance. The Overweight rating indicates that the analyst expects the stock to outperform its peers. This is likely to have a positive short-term impact on the stock price as investors may view this as a strong endorsement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100