Ubisoft: share rises with Stifel upgrade

(CercleFinance.com) - Ubisoft's share price climbed on Tuesday on the Paris Bourse, boosted by Stifel analysts upgrading the video game designer to "buy".


Before noon, the stock was up almost 5%, making it one of the biggest risers on the SBF 120 index.

In a note published last night, the broker highlighted the 'increased visibility' of the group's future release schedule, starting with the highly anticipated 'Star Wars Outlaws' and 'Assassin's Creed Red', which it believes will hit the market at a quiet time for the sector.

Stifel also believes that the share is attractively valued, with multiples now close to historic lows.

Its new target price of E28 shows over 30% upside potential from yesterday's price.

Ubisoft is due to publish its FY 2023/2024 results on 15 May.


Copyright (c) 2024 CercleFinance.com. All rights reserved.