Paradox has answers to key sector questions on growth, resilience - Jefferies

Paradox Interactive AB (publ)

18/03/2021 07:37

** Jefferies raises Swedish game developer Paradox 
 PDXI.ST  to "buy" from "hold" saying that recurrent portfolio
supports medium-term growth
    ** The brokerage says the company has a valuable annuity
back catalogue which ought to prove resilient amid re-opening
and which it sees undervalued
    ** "We see PDX as one of the companies (alongside FDEV)
whose games and business model are most recurrent," Jefferies
adds
    ** Among catalysts, it names reveals on new games for 2021
and confirmation of video game Bloodlines progress at a new
developer
    ** According to the broker, the share price fall of more
than 20% year-to-date leaves Paradox's strengths and growth
prospects undervalued 
    ** Among the five analysts that cover Paradox, one rates the
stock "strong buy" or "buy" and four rate "hold" 


 ((marta.frackowiak@thomsonreuters.com))