Ubisoft: UBS lowers its price target
(CercleFinance.com) - The analyst believes that the third-quarter announcements provide a reiteration of the FY2025 guidance, but that there is little additional information.
UBS remains neutral on the stock, but has lowered its price target to E12.5 (from E13.75), which still represents a 12% upside potential for the stock.
Third-quarter results are in line with expectations, 2025 forecasts have been reiterated, cost savings are ahead of schedule and AC Shadows pre-orders are "tracking well", says UBS.
2024-25 targets have been confirmed. The Group is targeting net bookings of around 1.9 billion euros and non-IFRS operating income and free cash flow close to breakeven for the 2024-2025 financial year.
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