Citi lowered the firm’s price target on Ubisoft to EUR 30 from EUR 45 and keeps a Buy rating on the shares. The firm says its “worst fears” about the performance of Star Wars have been realized with Ubisoft’s reduction in guidance announced for fiscal 2025. The disappointment is compounded by the company’s decision to rethink its approach to the launch of Assassin’s Creed Shadows, the analyst tells investors in a research note.
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Read More on UBSFY:
- Ubisoft downgraded to Hold from Buy at Deutsche Bank
- Ubisoft updates confirm market’s worst fears about company prospects, says Citi
- Ubisoft now expects FY2024-2025 net bookings of around EUR1.95B
- Ubisoft delays ‘Assassin’s Creed Shadows’ to February 14, 2025
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