Ubisoft: Credit Suisse raises target price
(CercleFinance.com) - On Monday, Credit Suisse reiterates its "outperform" rating on the Ubisoft share, while raising its target price from 76 euros to 87 euros.
In a research note, the broker says that it is taking into account the upcoming launch of "Hyper Scape", a new game that it expects will have less impact than its predecessor "Apex Legends", but for which it still expects a positive effect, given that most of the costs incurred have already been accounted for.
While it is making only minor changes to its forecasts for FY 2021, Credit Suisse has said that it is raising its 2022 sales forecast by 3.5% and its EPS target by almost 12%, which therefore leads it to raise its target price for the share.
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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.
In a research note, the broker says that it is taking into account the upcoming launch of "Hyper Scape", a new game that it expects will have less impact than its predecessor "Apex Legends", but for which it still expects a positive effect, given that most of the costs incurred have already been accounted for.
While it is making only minor changes to its forecasts for FY 2021, Credit Suisse has said that it is raising its 2022 sales forecast by 3.5% and its EPS target by almost 12%, which therefore leads it to raise its target price for the share.
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.