Ubisoft: Jefferies still a buyer after Q2 sales
(CercleFinance.com) - Jefferies is maintaining its buy rating on the Ubisoft stock, along with its target price of 93 euros for the Ubisoft share, the day after the video games publisher reported its Q2 sales.
"With beatable guidance (back cat, holiday titles) strong 1H numbers and the uncertainty over the game slate for FY21 removed, giving a clearer growth trajectory into FY22, we think Ubisoft is easier to own now," analysts say.
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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.
"With beatable guidance (back cat, holiday titles) strong 1H numbers and the uncertainty over the game slate for FY21 removed, giving a clearer growth trajectory into FY22, we think Ubisoft is easier to own now," analysts say.
Copyright (c) 2020 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.