Nacon: target price raised by Invest Securities

(CercleFinance.com) - Invest Securities is still a buyer of Nacon shares, raising its TP for them from E3 to E3.
8, believing that in an entertainment industry where it is difficult to anticipate successes and failures, Nacon is gradually regaining favourable momentum.

Boosted by the success of Robocop and the initial rationalization of R&D spending, the half-year results reflect a major improvement in trends, amplified at FCF level by good control of working capital requirements, the analyst points out.

With the confirmed release of Test Drive and several major Nacon games, as well as tight control of R&D expenses, the outlook for fiscal 2024-25 is favourable, with Test Drive as a possible game changer, it continues.


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.