Ubisoft: Deutsche Bank still buying, but cuts TP
(CercleFinance.com) - Deutsche Bank has confirmed its 'buy' recommendation on Ubisoft shares, despite lowering its target price from E32 to E28, believing that, while a discount to peers is justified, the current valuation does not take into account the company's strong turnaround potential.
In its opinion, investors should begin to reward efforts to refocus development on core IP and address glaring cost inefficiencies in the year to March 2025.
This strategy for the video game publisher, in stark contrast to its 2019 portfolio expansion strategy, is Deutsche Bank says, low-risk, while offering a path to reduced R&D spending and improved predictability.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
In its opinion, investors should begin to reward efforts to refocus development on core IP and address glaring cost inefficiencies in the year to March 2025.
This strategy for the video game publisher, in stark contrast to its 2019 portfolio expansion strategy, is Deutsche Bank says, low-risk, while offering a path to reduced R&D spending and improved predictability.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.