Original-Research: Media and Games Invest SE - from First Berlin Equity Research GmbH
Classification of First Berlin Equity Research GmbH to Media and Games Invest SE
Company Name: Media and Games Invest SE ISIN: SE0018538068
Reason for the research: Update
Recommendation: Kaufen
from: 09.04.2024
Target price: €3,80
Target price on sight of: 12 Monate
Last rating change: -
Analyst: Ellis Acklin
First Berlin Equity Research hat ein Research Update zu Media and Games Invest SE (ISIN: SE0018538068) veröffentlicht. Analyst Ellis Acklin bestätigt seine BUY-Empfehlung und erhöht das Kursziel von EUR 3,60 auf EUR 3,80.
Zusammenfassung:
MGI wird eine Partnerschaft mit Google Cloud eingehen, um seine Marktplätze
auf einer einzigen Cloud-Plattform zu konsolidieren. Die Zusammenführung
der Cloud-Infrastruktur zu einem einheitlichen Technologiepaket wird die
Entwicklungsagilität steigern und MGI erhebliche Kosteneinsparungen
bringen. Die Migration ist im Gange und soll 2025 weitgehend abgeschlossen
sein. Darüber hinaus kann das KI-Team von MGI die KI-Toolbox des
Tech-Giganten nutzen, um die Entwicklungs- und Markeinführungszeiten seiner
KI-gesteuerten Produkte (Moments.AI, ATOM) zu beschleunigen und
gleichzeitig die Zahl der Mitarbeiter in Grenzen zu halten. Unser
aktualisiertes DCF-Modell berücksichtigt die angekündigten
Kosteneinsparungen in Höhe von €20 Mio. und ergibt ein Kursziel von €3,80
(zuvor: €3,60). Wir stufen MGI mit Kaufen ein und betrachten die
Kooperation als strategischen Gewinn, der mittel- und langfristig zu einer
höheren operativen Effizienz führen wird.
First Berlin Equity Research has published a research update on Media and Games Invest SE (ISIN: SE0018538068). Analyst Ellis Acklin reiterated his BUY rating and increased the price target from EUR 3.60 to EUR 3.80.
Abstract:
MGI will partner with Google Cloud to consolidate its marketplaces into a
single cloud platform. Streamlining the cloud infrastructure into a unified
technology stack will boost developmental agility and yield material cost
savings for MGI. Migration is underway and should be largely completed in
2025. Moreover, MGI's AI team can leverage the tech giant's AI-toolbox to
accelerate development and roll-out times of its AI-driven products
(Moments.AI, ATOM), while keeping headcount in check. Our updated DCF model
now factors in the announced €20m cost savings and points to a €3.8 TP
(old: €3.6). We are Buy-rated on MGI and view the deal as a strategic win
that stands to spur greater operating efficiency over the mid- and
long-term.
Bezüglich der Pflichtangaben gem. §34b WpHG und des Haftungsausschlusses siehe die vollständige Analyse.
You can download the research here:
http://www.more-ir.de/d/29355.pdf
Contact for questions
First Berlin Equity Research GmbH
Herr Gaurav Tiwari
Tel.: +49 (0)30 809 39 686
web: www.firstberlin.com
E-Mail: g.tiwari@firstberlin.com
-------------------transmitted by EQS Group AG.-------------------
The issuer is solely responsible for the content of this research. The result of this research does not constitute investment advice or an invitation to conclude certain stock exchange transactions.
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
