Motrosport Games Inc. (MSGM) PT Lowered to $30 at Benchmark

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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