Maxim analyst Jack Vander Aarde initiated coverage of Mobile Global Esports with a Buy rating and $1.50 price target. The analyst is positive on the company’s potential to monetize university e-sports in India, where it it holds exclusive rights to commercialize in 76 universities, as well as in South Asia. Mobile Global co-hosted 27 virtual e-sports events in 2021 and has initial plans to lead the organization of 54 events during the 2022-23 academic year, the analyst tells investors in a research note, adding that he expects the number of events to significantly increase each year going forward.
Published first on TheFly
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