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FriendTimes Inc. (HK:6820)
HKEX:6820
FriendTimes Inc. (6820) Stock Forecast & Price Target
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See the Price Targets and Ratings of:
6820 Analyst Ratings
Currently, no data available
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6820 Stock 12 Month Forecast
There Are No Analyst Ratings for HK:6820 In The Last 3 Months.
| Highest Price Target― | Average Price Target― | Lowest Price Target― |
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.
6820 Financial Forecast
Detailed List of Analyst Forecasts
CMB International Securities
HK$1.8
Buy
127.85%
Upside
Reiterated
03/22/24
We expect ToF2 to keep relatively stable grossing ahead, and the next focus could be: 1) Android channel expansion; 2) overseas versions to be released; and 3) improving S&M efficiency. Mini games perform well, and we expect more titles to unlock grossing potential. Mgmt prioritizes cost discipline in FY24, with personnel adjustment and prudent high- R&D project development. We trim our earnings forecast by 18%-28% for FY24- 25E to factor in ToF2’s performance, with a lower TP at HK$1.8. Looking beyond FY23 results. FriendTimes reported FY23 results, with revenue -31% YoY (2% below our estimates), while adj. net loss reached RMB133mn (largely in line). The net loss position was mainly due to existing games’ grossing decline and higher S&M. We think its results performance has been well priced in, and we suggest looking to new game performance and mini game upside in FY24E.
Best Analysts Covering FriendTimes Inc.
Which Analyst Should I Follow If I Want to Buy HK:6820 and Sell After:
1 Month
3 Months
1 Year
Success Rate
1/4 ratings generated profit
Average Return
-21.77%
reiterated a buy rating 3 months ago
Copying Sophie Huang's trades and holding each position for 1 Year would result in 25.00% of your transactions generating a profit, with an average return of -21.77% per trade.
2 Years
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.
6820 Analyst Recommendation Trends
Rating
Aug 23
Nov 23
Jan 24
Mar 24
Strong Buy
1
1
2
2
Buy
0
1
1
1
Hold
0
0
0
0
Sell
0
0
0
0
Strong Sell
0
0
0
0
total
1
2
3
3
Each month's total comprises the sum of three months' worth of ratings.
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6820 Stock Forecast FAQ
What is HK:6820’s average 12-month price target, according to analysts?
Currently, no data Available
What is HK:6820’s upside potential, based on the analysts’ average price target?
Currently there's no upside potential for HK:6820, based on the analysts’ average price target.
Can I see which stocks the top-ranking analysts are rating?
Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
How can I follow the stock ratings of top Wall Street analysts?
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Is FriendTimes Inc. a Buy, Sell or Hold?
Currently, no data Available
What is FriendTimes Inc.’s share price target?
Currently, no data Available
What do analysts say about FriendTimes Inc.?
Not enough analysts have published a price target to provide an average price target.
How can I buy shares of FriendTimes Inc.?
To buy shares of HK:6820, you can open a brokerage account. See exclusive account opening deals on our Best Online Brokers page.