Pachter: Ubisoft looking strong
Balls-of-steel (well not really, but he is gutsy) analyst, Michael Pachter of Wedbush Morgan Securities, has indicated that he believes that Ubisoft will report earnings that are in line with, or perhaps even above, the previous estimate of $ 368.7 million.
Jason Dobson of Gamasutra reports that according to data released by the NPD Group, Ubisoft’s U. S. retail sales were US$168 million for the quarter. Wedbush comments that the figure is 19 percent higher than the US$ 141 million reported during the same period the year before.
Due to continued strong sales of the Xbox 360 console, strong launches of several titles for the Wii, and possible increased revenues, Wedbush Morgan maintains its buy rating and a 12-month target price of US$ 44 for Ubisoft shares.
As of Dobson’s report, Ubisoft shares were selling at $36.58.
Via Gamasutra
Balls-of-steel (well not really, but he is gutsy) analyst, Michael Pachter of Wedbush Morgan Securities, has indicated that he believes that Ubisoft will report earnings that are in line with, or perhaps even above, the previous estimate of $ 368.7 million.
Jason Dobson of Gamasutra reports that according to data released by the NPD Group, Ubisoft’s U. S. retail sales were US$168 million for the quarter. Wedbush comments that the figure is 19 percent higher than the US$ 141 million reported during the same period the year before.
Due to continued strong sales of the Xbox 360 console, strong launches of several titles for the Wii, and possible increased revenues, Wedbush Morgan maintains its buy rating and a 12-month target price of US$ 44 for Ubisoft shares.
As of Dobson’s report, Ubisoft shares were selling at $36.58.
Via Gamasutra
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