TransGaming is undervalued, says M Partner’s Ron Shuttleworth
M Partners analyst Ron Shuttleworth says the demand for the company’s GameTree TV platform from IPTV providers is impressive.
TransGaming has increased its subscriber universe to 73-million people around the world, which is a 14.6 times increase in available subscribers over last year. He believes this illustrates sufficient demand for GameTreeTV among IPTV providers. In a research update to clients today, Shuttleworth reiterated his BUY recommendation and twelve-month share price target of $1.00.