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Noble Financial Reaffirms Their Buy Rating on Motorsport Games (MSGM)

In a report released today, Michael Kupinski from Noble Financial maintained a Buy rating on Motorsport Games (MSGMResearch Report), with a price target of $2.50. The company’s shares closed yesterday at $0.69.

Kupinski covers the Services sector, focusing on stocks such as Entravision, Beasley Broadcast Group, and E. W. Scripps Company Class A. According to TipRanks, Kupinski has an average return of 8.8% and a 43.58% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Motorsport Games with a $2.50 average price target.

See today’s best-performing stocks on TipRanks >>

MSGM market cap is currently $12.79M and has a P/E ratio of -0.29.

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Motorsport Games Inc is a racing game developer, publisher, and esports ecosystem provider of official motorsport racing series. Its operating segments are the gaming segment which includes the development and publishing of interactive racing video games, entertainment content, and services whereas, the esports segment consists of the organization and facilitation of esports tournaments, competitions, and events for its licensed racing games. The firm generates a majority of its revenue from the gaming segment.

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