Team17 upgraded to Buy from Hold at Jefferies

Written by Emily J. Thompson, Senior Investment Analyst

Updated: Dec 08 2024

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Jefferies Upgrade: Jefferies has upgraded Team17's rating from Hold to Buy, increasing the price target from 230 GBp to 360 GBp.
Reasons for Upgrade: The upgrade is attributed to new management, a shift back to low investment game development, positive recent trading, potential for higher ROI on first-party IP, strong net cash position, and resilience of the existing game catalogue.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.