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26 Jun 2019
Sumo Group - Overlooked and undervalued; resilient quality and growth
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Sumo Group - Overlooked and undervalued; resilient quality and growth
- Published:
26 Jun 2019 -
Author:
Cavendish Research -
Pages:
28
Sumo captures the video games industry’s secular high growth but avoids ‘hit’ risk whilst being very well-placed as increasingly the ‘go-to’ game development outsourcer/partner of choice to take advantage of the multiple structural industry themes (e.g. increasing demand for the highest-quality games, streaming/other new gaming platforms, mobile, eSports, Games-as-a-Service, China, Free-to-Play/Fortnite, Next Gen consoles) that are driving the industry’s secular growth however they unfold. We initiate coverage with a Buy rating and a TP of 185p.