(CercleFinance.com) – Invest Securities remains ‘buy’ on Nacon with a price target raised from three to 3.8 euros, estimating that ‘in an entertainment industry where it is difficult to anticipate successes and failures, Nacon is gradually regaining favorable momentum.
‘Driven by the success of Robocop and the beginning of rationalization of R&D expenses, the half-year results reflect a major improvement in trend which is amplified at the FCF level by the good control of the WCR’, underlines the analyst.
‘With the confirmed release of Test Drive and several major games across Nacon, as well as the control of R&D expenses, the 2024-25 financial year looks favorable, with Test Drive as a possible game changer’, continues -he.
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