Intel stock extends gains after report of possible U.S. government stake
Investing.com - UBS raised its price target on Hasbro (NASDAQ:HAS) to $88.00 from $82.00 on Wednesday, while maintaining a Buy rating on the toy and game maker’s stock. The stock, currently trading near its 52-week high of $78.83, has shown impressive momentum with a 32.65% return over the past six months.
The upgrade follows Hasbro’s second-quarter earnings beat and an implied 10% upside to Wizard estimates for the second half of the year, according to UBS. The firm increased its fiscal year 2025 earnings per share estimate to $4.84 from $4.31 previously, and its 2026 estimate to $5.16 from $4.82. InvestingPro data shows that six analysts have recently revised their earnings estimates upward, with analyst targets ranging from $80 to $95.
UBS sees further opportunity for gaming business upside in the second half of the year, with multiple inflection points for Hasbro driven by underlying earnings outperformance that is less dependent on consumer product business turnaround. For deeper insights into Hasbro’s financial health and growth potential, InvestingPro subscribers have access to over 30 additional key metrics and analysis tools.
The firm views Hasbro’s guidance as relatively conservative, with a de-risked consumer product business and strong momentum in gaming continuing into the second half of 2025. UBS’s estimate revisions are primarily driven by gaming outperformance.
UBS now expects Magic royalty payout to increase for the full year by roughly $60-63 million, above the prior range of $40 million, and projects an operating profit margin of 22.8%, up from its previous estimate of 22.0%. The company maintains strong fundamentals with an impressive gross profit margin of 63.3% and EBITDA of $986.8 million for the last twelve months.
In other recent news, Hasbro reported a strong performance for the second quarter of 2025, surpassing both earnings and revenue forecasts. The company achieved an earnings per share of $1.30, significantly higher than the expected $0.78, and reported revenue of $980.8 million, exceeding projections by 12.14%. UBS reiterated its Buy rating on Hasbro stock, highlighting the company’s strong results, particularly in its gaming portfolio. Citi also maintained a Buy rating and increased its price target to $91, citing the strength of Hasbro’s Wizards of the Coast division. DA Davidson raised its price target to $80, though it kept a Neutral rating, noting that recent trade deals have mitigated some tariff impacts. Despite these positive developments, DA Davidson mentioned that costs are expected to rise in the third quarter, and retailers remain cautious with their orders. These updates reflect recent developments surrounding Hasbro’s financial and market performance.
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