Barclays Maintains Equal-Weight on Roblox, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Ross Sandler has maintained an Equal-Weight rating on Roblox (NYSE:RBLX) and increased the price target from $40 to $50.

November 01, 2024 | 5:31 pm
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Barclays has maintained its Equal-Weight rating on Roblox and increased the price target from $40 to $50, indicating a more optimistic outlook.
The increase in price target from $40 to $50 by Barclays suggests a more positive outlook on Roblox's future performance. Maintaining an Equal-Weight rating indicates that the stock is expected to perform in line with the market. The raised price target could lead to a short-term positive impact on the stock price as it reflects increased confidence from the analyst.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100