Motrosport Games Inc. (MSGM) PT Lowered to $30 at Benchmark
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Rating Summary:
0 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 22 | New: 15
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Benchmark analyst Mike Hickey lowered the price target on Motrosport Games Inc. (NASDAQ: MSGM) to $30.00 (from $42.00) while maintaining a Buy rating.
The analyst commented, "MSGM delivered a better than consensus view F1Q21 revenue and profitability, reiterated FY21 guidance, and confirmed the release of NASCAR NXT in F3Q21. We believe the integration of recently acquired rFactor 2 racing simulation technology will enhance the quality of future racing games. We see an accelerated growth opportunity from iconic racing IP expansion onto new platforms including the Switch/mobile and the stacking of new annualized racing games."
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