On Thursday, Ubisoft shares were one of the strongest performers in the SBF 120 index on the Paris Bourse, as investors positioned themselves as buyers ahead of the publication of the video game group's third-quarter sales figures, scheduled for the evening.

At 11:45 am, the share jumped by 4.3% in heavy trading volumes, while at the same time, the SBF 120 index was up by around 0.5%.

In a note published last week, Deutsche Bank's analysts had lowered their estimates for the group, explaining that a downward revision of targets was likely on the occasion of the publication, while judging that such a scenario was already well integrated into the share price.

'We anticipate (....) a downward revision of its targets by 10%, while believing that the 33% fall in the share price since November 2023 reflects a much more unfavorable scenario', they had tempered.

Ubisoft shares have fallen by more than 12% since the start of the year, and are down by around 29% over the last three months.

Analysts at Wedbush Securities, on the other hand, are more confident, expecting the company to meet or exceed its net bookings target of around 610 million euros for the third quarter.

The research firm is forecasting net bookings of 620 million euros.

Ubisoft's share price has corrected significantly over the past two months due to a poorly received convertible bond issue and the lukewarm reception given to the game 'Avatar: Frontiers of Pandora'", recalls the intermediary.

We believe that investors' pessimism is exaggerated, and that there are many reasons to be optimistic for the future", adds Wedbush.

Analysts point to the prospect of numerous games to be released, as well as the group's flattering track record of successful partnerships, not to mention the recent recovery from Activision Blizzard of the cloud streaming rights to 'Call of Duty' and all its other titles.

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