Aleksander Peterc, an analyst from Bernstein, maintained the Hold rating on UBISOFT Entertainment. The associated price target was raised to €9.50.
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Aleksander Peterc has given his Hold rating due to a combination of factors surrounding Ubisoft’s recent financial performance and projections. The company’s first-quarter report revealed a mixed performance, with net bookings falling short of expectations by 9%, although this was partially balanced by a stronger-than-expected guidance for the second quarter, which was 15% above consensus.
Despite minor downgrades in net bookings and EBITDA forecasts, the impact on the discounted cash flow (DCF) valuation was slightly positive due to a lower weighted average cost of capital (WACC) and adjustments in the quarterly model. Consequently, the price target was marginally increased to €9.5 per share, which is just above the recent closing price, supporting a Market-Perform stance. This balanced outlook reflects the mixed signals from the company’s financials and market conditions.
According to TipRanks, Peterc is ranked #4314 out of 9846 analysts.