Noble Financial Sticks to Its Buy Rating for Motorsport Games (MSGM)

Noble Financial analyst Michael Kupinski maintained a Buy rating on Motorsport Games (MSGMResearch Report) today and set a price target of $9.50. The company’s shares closed last Friday at $5.52.

According to TipRanks, Kupinski is a 4-star analyst with an average return of 5.0% and a 40.76% success rate. Kupinski covers the Services sector, focusing on stocks such as Entravision, Salem Communications, and Bowlero Corp. Class A.

Motorsport Games has an analyst consensus of Moderate Buy, with a price target consensus of $9.50.

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Based on Motorsport Games’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.01 million and a GAAP net loss of $7.41 million. In comparison, last year the company earned a revenue of $2.24 million and had a GAAP net loss of $5.78 million

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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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