Ubisoft: Berenberg raises target price
(CercleFinance.com) - Berenberg reiterates its "buy" recommendation on the Ubisoft share, having raised its corresponding target price from 85 euros to 90 euros, after the video game publisher announced "exceptional gaming activity" for Assassin's Creed (AC) Valhalla, the latest iteration of its AC franchise.
"The number of active players on launch day doubled that of the previous release. On our roadshow, management was clearly extremely happy with the AC launch, and also gave us plenty more to be excited about, both near- and medium-term," the broker says.
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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 number of active players on launch day doubled that of the previous release. On our roadshow, management was clearly extremely happy with the AC launch, and also gave us plenty more to be excited about, both near- and medium-term," the broker says.
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.