Analyst predicts Funcom stock will triple leading up to The Secret World's release
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Last summer, stock prices in Funcom were sitting at 5,20 NOK on the Norwegian Stock Exchange, but as of March 2012, stock in the firm has risen substantially to 20,30 NOK in March 2012. Due to the rise in prices, analysts predict continued growth when The Secret World releases in June.
“Funcom is one of the stocks that could double or triple in value," said Carnegie analyst Espen Torgersen. "If Funcom's next game is a success, they will definitely end up as the stock of the year,”
Listed on the Exchange in 2005, the firm's prices have seesawed over the years, and 2008's release of the Conan MMO saw prices top out at 55 NOK before plunging to 2,50 NOK.
Thanks, MCV.