Ubisoft: share price rises, Stifel upgrades to buy
At around 11:45 am, the stock gained nearly 5%, making it one of the biggest risers on the SBF 120 index.
In a note published last night, the research firm 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 trading close to historic lows.
Its new price target of 28 euros shows a potential upside of over 30% compared with the previous day's price.
Ubisoft is due to publish its results for fiscal 2023/2024 on May 15.
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