(CercleFinance.com) – Wedbush reaffirms its ‘outperformance’ opinion on Ubisoft with a 12-month price target raised from 34.5 to 38 euros, including on this occasion the title of the French video game publisher in its list of best ideas.
The broker explains that its investment committee ‘believes that the potential for rapid stock price appreciation has increased, due to future revenue recognition from its licensing agreements for Activision’s streaming rights ‘.
“Additionally, Ubisoft’s release slate continues to go from strength to strength with a host of Assassin’s Creed games in the works and a number of popular ancillary franchise titles set to release over the next couple of years,” he adds .
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