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Wedbush maintains Roblox at Neutral, lowers price target to $52 from $55
Wedbush kept Roblox at Neutral and lowered its price target to $52 from $55, a 5.5% decrease. The new target is about in line with the October 29 close of $52.46.
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What happened
Wedbush kept Roblox at Neutral and lowered its price target to $52 from $55, a 5.5% decrease. The new target is about in line with the October 29 close of $52.46.
Confirmed
Global impact / market context
A lower target signals the analyst sees less upside ahead. The Neutral rating means no strong buy or sell call, so the cut mainly trims expected gains rather than predicting a sharp drop.
Analyst inference
Recent analyst targets for Roblox range from $32 to $55, with Sell ratings near the low end and Buy ratings at $55. Wedbush now sits near the middle, closer to the stock price.
Analyst inference
What to watch
- Several firms issued recent Roblox notes with targets from $32 to $55, showing a wide spread of analyst views on the stock. Confirmed
- Watch whether other firms lower their price targets after Wedbush's cut, which would suggest a broader reassessment. Proposed
- Track Roblox revenue and costs next quarter, since weaker results could push analysts toward Sell ratings and lower targets. Analyst inference
Evidence
- Original source link unavailable