(CercleFinance.com) – Berenberg announced on Wednesday that it had raised its recommendation on the Focus Entertainment stock from ‘hold’ to ‘buy’ with a target price raised from 50 to 65 euros.
In a note devoted to the video game sector, the analyst believes that the French publisher could be one of the rare players – with Keywords Studios, Team17 and tinyBuild – to hold their own in a ‘difficult’ market. ‘, where earnings warnings tend to multiply.
Conversely, Focus has managed to exceed analysts’ expectations for its third quarter and revised its 2023 forecasts upwards, a favorable dynamic set to continue in 2024 according to the intermediary.
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