Truist Securities Begins Coverage on Roblox (NYSE:RBLX)

Truist Securities started coverage on shares of Roblox (NYSE:RBLX) in a research note published on Monday, Stock Target Advisor reports. The brokerage issued a buy rating and a $78.00 price target on the stock.

Other analysts also recently issued reports about the stock. Bank of America initiated coverage on shares of Roblox in a report on Monday. They set a buy rating and a $78.00 price objective for the company. Stifel Nicolaus initiated coverage on shares of Roblox in a report on Monday, March 22nd. They set a buy rating and a $85.00 price objective for the company. The Goldman Sachs Group assumed coverage on shares of Roblox in a report on Monday. They set a buy rating and a $81.00 price objective for the company. Morgan Stanley assumed coverage on shares of Roblox in a research note on Monday. They issued an overweight rating and a $80.00 price target for the company. Finally, Truist assumed coverage on shares of Roblox in a research note on Monday. They issued a buy rating and a $78.00 price target for the company. Six investment analysts have rated the stock with a buy rating, The stock has an average rating of Buy and a consensus price target of $80.00.

NYSE RBLX opened at $68.73 on Monday. Roblox has a 52-week low of $60.50 and a 52-week high of $79.10.

In other Roblox news, insider Mark Reinstra sold 40,000 shares of the business’s stock in a transaction dated Monday, March 15th. The shares were sold at an average price of $70.60, for a total value of $2,824,000.00. Following the transaction, the insider now owns 98,736 shares in the company, valued at $6,970,761.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Roblox Company Profile

There is no company description available for Roblox Corp.

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Analyst Recommendations for Roblox (NYSE:RBLX)

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