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Redeye expects another stable quarter from Starbreeze. Engagement metrics from Payday 2 show roughly the same levels as in Q4. For the full year of 2022, we estimate net sales in line with the previous year. An announcement trailer for Payday 3 and the re-release of the mobile game Payday: Crime War is the most obvious catalysts for the stock. We also believe Starbreeze is a potential takeover target which is a more speculative trigger for the stock.
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