financialturnaround

Despite poor performance, UbiSoft gets buy rating

UbiSoft Entertainment hasn't been putting out great news in the financial statements. They've taken a nice loss in the first half of their fiscal year, but it was bolstered by improving expectations. Now UbiSoft gets a little more praise with a buy rating. Analysts with Wedbush Morgan Securities expect UbiSoft stock to hit €34 within the next 12 months on an expected 30% earnings growth. The price is currently hovering around €19. This means UbiSoft could expect good things in their future (possibly profitability). As usual, UbiSoft is expected to make this happen on the backs of key franchises, like the Tom Clancy series and Prince of Persia. The trick is for Ubi to not destroy their franchises; nothing will destroy your business better than turning your popular games into junk.