Wedbush has reaffirmed its 'Outperform' rating on Ubisoft, with a 12-month price target raised from 34.5 to 38 euros, and has included the French video game publisher's stock in its Best Ideas list.

The broker explains that its investment committee 'believes that the potential for rapid share price appreciation has increased, due to the future recognition of revenues from its licensing agreements for Activision's streaming rights'.

"In addition, Ubisoft's release slate continues to strengthen, with a host of Assassin's Creed games in the pipeline and a number of popular ancillary franchise titles scheduled for release over the next two years," he adds.

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