logo-loader
viewKeywords Studios PLC

Keywords Studios upgraded to ‘buy’ by Liberum over “strong” market position  

Analysts also hiked the target price to 1,875p from 1,799p as the industry is presenting opportunities for new partnerships

Keyword Studios

Keywords Studios PLC (LON:KWS) was upgraded to ‘buy’ from ‘hold’ by analysts at Liberum due to its “strong” market position.

Analysts also hiked the target price to 1,875p from 1,799p as “major publishers and developers look for partners to simplify their increasingly complex supply chains”.

READ: Keywords Studios upgraded to ‘buy’ by Berenberg, sees next-gen consoles boosting demand

The services provider to the gaming industry is targeting between six and ten deals per year, as a “fragmented industry means there are plenty of opportunities for further expansion”, according to the broker.

Analysts forecast revenue growth of 14% this year and 11% in 2021, while further upgrades could be driven by new consoles and streaming services.

At the end of the year, Microsoft is set to launch the Xbox Series X while Sony will roll out its PlayStation 5.

Quick facts: Keywords Studios PLC

Price: 1801 GBX

AIM:KWS
Market: AIM
Market Cap: £13.24 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Keywords Studios PLC named herein, including the promotion by the Company of Keywords Studios PLC in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Keywords studios sets up new investment arm - Keywords Ventures

Andrew Day, chief executive of Keywords Studios PLC (LON:KWS), tells Proactive Investors they've launched an investment arm, known as Keywords Ventures (KWV), to support “innovative technologies and services” that benefit their clients. Day also talks through their first investment...

on 5/7/18

2 min read