Markets

Vista's cloud transition means short-term pain, long-term gain

Jenny Ruth
Thu, 28 Apr 2022

Vista's cloud transition means short-term pain, long-term gain
Spiderman: No way Home had the second-best ever debut. (Image: Marvel Studios)
Jenny Ruth
Thu, 28 Apr 2022
Vista Group shares have been properly beaten up so far this year and Jarden analyst Guy Hooper is saying the selling has been overdone.That's even as he has trimmed his near-term forecasts for the current year and for 2023 and 2024 for good measure.Hooper has cut his valuation of the shares by 10% to $1.91 and his 12-month target to $2.15 from $2.40 previously.Vista shares have traded as low as $1.69 earlier this month after ending 2021 at $2.39.One reason for that is that the covid-19 pandemic, which has ravaged the cinema industry worldwi...

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