Atari: Short Term Challenges

Redeye maintains a positive view of Atari on the back of reasonable cost control and a strong outlook. The COVID-19 pandemic has caused significant delays in Atari´s operations, which had a negative impact on the revenues. However, the company has managed the cost control well, and we see several growth drivers ahead. Nevertheless, we lower the fair value due to the short-term challenges caused by COVID-19 but continue to see a significant upside in the stock from the current trading level..