Ubisoft: UBS revises its price target

(CercleFinance.com) - The analyst considers first-half results to be disappointing, and points out that forecasts for the fiscal year have been reiterated.


UBS confirms its Neutral recommendation on the stock, and lowers its target price to E13.75 (from E14.5).

After the first half, we continue to see a risk to full-year forecasts, but the option is still in play in our opinion, and we are therefore maintaining our Neutral rating," says UBS.

For the 2024-25 financial year, the company confirms its financial targets. It now expects net bookings of around 1.95 billion euros, as well as non-IFRS operating income and free cash flow close to breakeven.

Copyright (c) 2024 CercleFinance.com. All rights reserved.
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.