Ubisoft: in demand after broker's double upgrade
(CercleFinance.com) - Ubisoft share are up over 8% following a recommendation upgrade by Jefferies - direct from 'underperform' to 'buy' - with a target price raised from E21.
5 to E29, a new TP that represents with almost 50% upside potential.
A combination of a strong 2025 pipeline based on proven intellectual property, a real shift in monetization focus towards recurring revenues, FCF inflection and low valuation will trigger an upgrade, analysts say.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
5 to E29, a new TP that represents with almost 50% upside potential.
A combination of a strong 2025 pipeline based on proven intellectual property, a real shift in monetization focus towards recurring revenues, FCF inflection and low valuation will trigger an upgrade, analysts say.
Copyright (c) 2024 CercleFinance.com. All rights reserved.