Frontier Developments PLC 40.5% potential upside indicated by Liberum Capital

Frontier Developments PLC with ticker (LON:FDEV) now has a potential upside of 40.5% according to Liberum Capital.



Liberum Capital set a target price of 2,870 GBX for the company, which when compared to the Frontier Developments PLC share price of 1,708 GBX at opening today (25/11/2021) indicates a potential upside of 40.5%. Trading has ranged between 1,536 (52 week low) and 3,470 (52 week high) with an average of 185,172 shares exchanging hands daily. The market capitalisation at the time of writing is £664,959,477.

Frontier Developments plc is engaged in developing non-game applications and video games for the entertainment sector. The Company’s segments include self-published and external publishers. The self-published segment is engaged in sales of the game and digital in-game. The Company has completed work for external publishers, including Screamride and Tales from Deep Space. Its games are developed using its COBRA cross-platform technology, allowing code and resources developed on personal computer (PC) to be compiled and run on XBox360, PS3, iPhone operating system (iOS) and Nintendo WiiU. The Company offers Elite Dangerous game on PC, Mac and Xbox One. The Company is engaged in developing games of the strategy/simulation genre, including RollerCoaster Tycoon 3 for PC and Zoo Tycoon for Xbox. The Company also offers Planet Coaster, its self-published franchise.