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Frontier Developments ( (GB:FDEV) ) has issued an update.
Frontier Developments has announced a strong launch for Jurassic World Evolution 3, with sales exceeding 500,000 units in just over two weeks, surpassing its predecessor’s performance. The company also revealed plans for a sequel to Planet Zoo, its best-selling game to date, highlighting the ongoing success and community engagement surrounding its flagship franchises.
The most recent analyst rating on (GB:FDEV) stock is a Hold with a £584.00 price target. To see the full list of analyst forecasts on Frontier Developments stock, see the GB:FDEV Stock Forecast page.
Spark’s Take on GB:FDEV Stock
According to Spark, TipRanks’ AI Analyst, GB:FDEV is a Neutral.
Frontier Developments’ stock score is primarily driven by its strong financial performance and reasonable valuation. The technical analysis indicates strong momentum, though caution is advised due to overbought signals. The absence of earnings call data and corporate events does not impact the score.
To see Spark’s full report on GB:FDEV stock, click here.
More about Frontier Developments
Frontier Developments plc is a leading independent developer and publisher of video games, founded in 1994 by David Braben. Based in Cambridge, UK, the company utilizes its proprietary COBRA game development technology to create innovative, genre-leading games primarily for personal computers and video game consoles.
Average Trading Volume: 144,347
Technical Sentiment Signal: Hold
Current Market Cap: £184.4M
For a thorough assessment of FDEV stock, go to TipRanks’ Stock Analysis page.