In a report released today, Michael Kupinski from Noble Financial initiated coverage with a Buy rating on Motorsport Games (MSGM – Research Report) and a price target of $20.00. The company’s shares closed last Monday at $13.88.
According to TipRanks.com, Kupinski is a 5-star analyst with an average return of 18.0% and a 49.8% success rate. Kupinski covers the Services sector, focusing on stocks such as Esports Entertainment Group, Salem Communications, and Townsquare Media.
Currently, the analyst consensus on Motorsport Games is a Strong Buy with an average price target of $25.00.
The company has a one-year high of $38.00 and a one-year low of $8.77. Currently, Motorsport Games has an average volume of 21.84K.
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Motorsport Games Inc is a racing game developer, publisher, and esports ecosystem provider of official motorsport racing series. Its operating segments are the gaming segment which includes the development and publishing of interactive racing video games, entertainment content, and services whereas, the esports segment consists of the organization and facilitation of esports tournaments, competitions, and events for its licensed racing games. The firm generates a majority of its revenue from the gaming segment.