Jefferies analyst James Wheatcroft maintained a Buy rating on Team17 Group (TSVNF – Research Report) today and set a price target of p360.00.
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James Wheatcroft has given his Buy rating due to a combination of factors, including the strategic reset that Team17 Group has successfully undergone, which has shown progress and growth momentum. Despite the departure of CEO Steve Bell, the company is poised for continued success as it enters the next stage of its evolution, particularly with its balance-sheet capacity and potential for mergers and acquisitions.
With Frank Sagnier stepping in as interim Executive Chair, bringing with him 30 years of experience in the gaming sector, and the confirmation that trading remains in line with upgraded expectations, the continuity of the company’s strategic direction appears assured. The Board’s confirmation of improved trading performance for FY25, slightly ahead of market expectations, further supports the positive outlook for Team17 Group, justifying the Buy rating.
According to TipRanks, Wheatcroft is a 4-star analyst with an average return of 6.6% and a 48.30% success rate.