Ubisoft: Jefferies double upgrades stock
(CercleFinance.com) - Jefferies has upgraded Ubisoft shares directly from 'underperform' to 'buy', with a target price raised from E21.
5 to E29, a new target that offers almost 50% upside potential for the video game publisher's stock.
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, it believes.
Jefferies sees Ubisoft trading on an EFC yield of 5%, and in a world that urgently needs content, thinks this is too low. It also sees multiple catalysts ahead to trigger an inflection in the share price.
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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.
5 to E29, a new target that offers almost 50% upside potential for the video game publisher's stock.
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, it believes.
Jefferies sees Ubisoft trading on an EFC yield of 5%, and in a world that urgently needs content, thinks this is too low. It also sees multiple catalysts ahead to trigger an inflection in the share price.
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.