The Globe and Mail reports in its Thursday, April 4, edition that Eight Capital analyst Adhir Kadve has reaffirmed his "neutral" recommendation for East Side Games Group. The Globe's David Leeder writes in the Eye On Equities column that Mr. Kadve gave his share target a 35-cent boost to 90 cents. Analysts on average target the shares at $1.83. Mr. Kadve says in a note: "East Side Games Group reported a mixed set of results in Q4, with revenues continuing to come in below our and consensus expectations, but margins materially outperforming. Top-line performance continues to be impacted by a lack of game launches and lower user acquisition (UA) spending by East Side Games. To that end, the company saw revenue decline by 25 per cent in F23, and the company slashed UA spending in F23 by 39 per cent. On profitability, recall that the company had significant restructuring through H2/F23, which drove the EBITDA beat and is expected to continue to yield benefits in F24. The company will continue to rationalize UA spending, and thus we see revenues remaining flat year-over-year and the company maintaining its profitability orientation."