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

May 18, 2021 8:12 AM EDT
Get Alerts MSGM Hot Sheet
Price: $11.65 +0.69%

Rating Summary:
    1 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 14 | New: 23
Trade Now! 
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

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."

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS View, Analyst PT Change