(News Bulletin 247) – UBS reiterates its advice to sell the share with an unchanged price target of 20 E. The analyst expects risks for the 2nd quarter of 2024 and for the year 2024.
‘ Ubisoft will publish its results on July 20. While Q1 net bookings are expected to be in line with guidance, we see risk for Q2 net bookings and FY 2024 guidance.
Remember that the group expects net bookings for the first quarter of 2023-24 of around 240 ME. For the 2023-24 financial year, the Group confirmed its financial objectives of strong growth in net bookings and its non-IFRS operating profit objective of around €400 million.
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