KUALA LUMPUR, July 30 (Bernama) -- Bursa Malaysia's key index closed at an intraday high today, supported by continued buying interest even as renewed geopolitical tensions and a weaker overnight lead from Wall Street following the US Federal Reserve's (Fed) decision to stand pat on interest rates weighed on broader sentiment. The Fed has decided to hold rates steady for the fifth consecutive meeting, with the Federal Funds Rate unchanged between 3.50 per cent and 3.75 per cent. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.84 points to 1,720.40 from yesterday’s close of 1,715.56. The benchmark index, which opened 1.14 points lower at 1,714.42, hit its lowest level of 1,710.69 in early trade before gaining momentum for the rest of the day. However, the broader market was negative with losers outpacing gainers 581 to 411, while 612 counters were unchanged, 1,173 untraded, and 87 suspended. Turnover declined to 2.49 billion units valued at RM2.25 billion from ...
Roblox (RBLX) jumped nearly 6.5% on Wednesday after JPMorgan raised its target price, citing strong momentum and a major move into content licensing.
Key Highlights
JPMorgan Sets Street-High Target
JPMorgan analyst Cory Carpenter maintained an Overweight rating.
Price target raised from $120 → $125, the highest among Wall Street analysts.
The consensus target still sits at $83.70, per Benzinga.
New Licensing Platform Launch
Roblox launched a new platform on Tuesday that streamlines how creators use branded content.
IP holders can now offer their assets for use within days, not months.
Launch partners include Lionsgate, Netflix, Sega, Kodansha.
Popular titles: Stranger Things, Squid Game, Twilight, Saw, Like a Dragon.
More Analysts Turning Bullish
Citigroup: Buy rating maintained, target hiked from $100 → $123.
BTIG: Buy rating reiterated, target raised from $73 → $124.
Benzinga Edge Momentum Score: 97.33, reflecting strong stock performance.
Share price has more than doubled over the past 3 months.
Investor Takeaway
Roblox is gaining serious momentum, driven by bullish analyst calls and a game-changing licensing platform. By enabling faster and broader integration of branded content, Roblox is strengthening its ecosystem — a move that’s attracting both creators and investors.
With top-tier IPs joining the platform and analysts racing to raise their targets, Roblox appears poised to ride the next wave of creator-driven gaming.
💡 Top Watchlist Play: Roblox (RBLX) – riding the licensing megatrend
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