UBISOFT : HSBC raises its recommendation to 'buy
In a research note, the broker believes that the shift initiated following the January profit warning, consisting of refocusing on core franchises (Assassins Creed, Far Cry, Tom Clancy) and limiting the development of secondary games, is the 'right strategy'.
In his opinion, this plan - combined with other measures taken internally - should enable the group to take advantage of new monetization opportunities, while reducing costs.
HSBC, which warns however that this strategic reorientation will only produce its effects over the long term, stresses that its new target shows an upside potential of 14.2%.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as decision-making aids 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.
Go to the original article.
Contact us to request a correction