Wedbush keeps Roblox at Neutral but cuts price target to $52 from $55

what happened

Wedbush analysts kept their Neutral rating on Roblox but reduced the price target from $55 to $52, a 5.5% cut. TradingView reports that the new target is roughly in line with the October 29 closing price of $52.46.

The same report lists recent analyst notes on Roblox from the past 30 days, with price targets ranging from $32 to $55. On October 30, StoneX kept a Sell rating with a $32 target, BTIG maintained Sell with $37, and Needham reiterated Buy with $55.

why it matters

For investors this is a routine analyst update: the new target sits close to the current share price, so the signal for the market is weak. Such revisions offer a sense of sentiment around the stock, but on their own they rarely move the shares of a large company.

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