Pachter to EA: Get the whole of Ubisoft or just leave it be
Michael Pachter, an analyst for Wedbush Morgan, has issued a research note to investors revealing that the firm has initiated coverage of Ubisoft. He labels Ubisoft as a “compelling investment” with a buy rating and a 12-month target price of $44.75. Shares of Ubisoft are currently trading at $32.9.
Pachter also notes that he expects Ubisoft to grow at a rate of 30 percent or more over the next several years. He says that the growth is driven by “key brands, its slate of promising releases, and its aggressive launch presence on the new consoles.”
The short of the long business-y sense of it all? Ubisoft is hot right now. With a strong next-gen presence, and a great collection of critically acclaimed titles, Pachter says that investing in Ubisoft might be a good thing for you.
No wonder rumors and speculation run rampant surrounding a possible acquisition or merger. Electronic Arts does own a 20 percent stake in the company. And surrounding that topic, Pachter had something very interesting to say:
In our view, EA shareholders can decide individually whether an investment in Ubisoft is prudent (and of course, we think it is). We therefore believe that EA should either complete its acquisition of Ubisoft or divest of its minority interest. With approximately $2.4 billion in cash, EA could complete its acquisition of Ubisoft at any time.
Ubisoft, Raving-insane, crazy-ass rabid-infested, plot-twist spoiled by voice-actor Ubisoft, run and owned by EA? What do you guys think about that?
Via Gamasutra
Michael Pachter, an analyst for Wedbush Morgan, has issued a research note to investors revealing that the firm has initiated coverage of Ubisoft. He labels Ubisoft as a “compelling investment” with a buy rating and a 12-month target price of $44.75. Shares of Ubisoft are currently trading at $32.9.
Pachter also notes that he expects Ubisoft to grow at a rate of 30 percent or more over the next several years. He says that the growth is driven by “key brands, its slate of promising releases, and its aggressive launch presence on the new consoles.”
The short of the long business-y sense of it all? Ubisoft is hot right now. With a strong next-gen presence, and a great collection of critically acclaimed titles, Pachter says that investing in Ubisoft might be a good thing for you.
No wonder rumors and speculation run rampant surrounding a possible acquisition or merger. Electronic Arts does own a 20 percent stake in the company. And surrounding that topic, Pachter had something very interesting to say:
In our view, EA shareholders can decide individually whether an investment in Ubisoft is prudent (and of course, we think it is). We therefore believe that EA should either complete its acquisition of Ubisoft or divest of its minority interest. With approximately $2.4 billion in cash, EA could complete its acquisition of Ubisoft at any time.
Ubisoft, Raving-insane, crazy-ass rabid-infested, plot-twist spoiled by voice-actor Ubisoft, run and owned by EA? What do you guys think about that?
Via Gamasutra
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