ATVI - Ubisoft: Hunting For Value In The Gaming Industry
- Ubisoft Entertainment is one of the leading global video game developers and publishers.
- The global gaming industry is expected to grow at approximately 8% CAGR until 2024, reaching >$200 billion in market size.
- Ubisoft stock appears very attractive at below $50/share, as the company is not only structurally undervalued based on a discounted earnings valuation, but also a highly attractive M&A target.
- I conclude with a buy recommendation and set a target price of $65.66/share.
For further details see:
Ubisoft: Hunting For Value In The Gaming Industry