Ubisoft: Wedbush remains positive, but cuts TP

(CercleFinance.com) - Wedbush confirms its 'outperform' rating on Ubisoft shares, but lowers its target price for them from E38 to E29, after reducting its expectations for FY 2025 (while maintaining those for 2026 and 2027).


The broker is thus reacting to the video game publisher reducing its targets for 2025, due to lower-than-expected sales for 'Star Wars Outlaws' and a delay for 'Assassin's Creed Shadows'.

We maintain high expectations for 2025 and 2026, and expect Ubisoft to weather the series of negative events it has experienced in recent quarters and years, it adds.


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.