Jefferies raises Nvidia stock price target to $205 on strong demand
Investing.com - Goldman Sachs has reiterated its Buy rating on Hasbro (NASDAQ:HAS) with a price target of $89.00 following an investor meeting with the company’s senior management in Chicago on Monday. The stock, currently trading at $81.06, has delivered an impressive 49.38% return year-to-date and is approaching its 52-week high of $82.05. According to InvestingPro analysis, the stock appears slightly overvalued at current levels.
The investment bank’s analysis focused primarily on growth drivers for Hasbro’s Magic the Gathering franchise through 2026 and beyond, highlighting the trading card game’s continued importance to the company’s portfolio. The company maintains strong gross profit margins of 63.3% and has consistently paid dividends for 45 consecutive years, currently yielding 3.45%.
Goldman Sachs also discussed Hasbro’s upcoming launch of Exodus, the company’s first self-published video game, and examined the potential margin implications of this strategic move into direct game publishing.
The outlook for improved profitability in Hasbro’s Consumer Products segment was another key topic during the investor meeting, including an assessment of how potential tariffs might impact this business unit.
The $89 price target represents Goldman Sachs’ 12-month outlook for the toy and entertainment company’s shares following the August 25 meeting with Hasbro executives.
In other recent news, Hasbro reported a strong performance for the second quarter of 2025, surpassing both earnings and revenue forecasts. The company posted earnings per share of $1.30, significantly higher than the anticipated $0.78, and achieved revenue of $980.8 million, exceeding expectations by 12.14%. Following these results, UBS raised its price target on Hasbro to $88 from $82, citing strength in the company’s gaming segment and increasing its earnings per share estimates for 2025 and 2026. Citi also raised its price target for Hasbro to $91, maintaining a Buy rating and highlighting the potential for a 22% return based on the strength of Wizards of the Coast. DA Davidson adjusted its price target to $80, noting that recent trade deals have mitigated the tariff impact on Hasbro’s second-quarter results, though caution remains among retailers. Despite the positive earnings report, Hasbro’s stock experienced a slight dip in pre-market trading. These developments reflect a generally positive outlook from analysts, with continued focus on Hasbro’s gaming portfolio as a key driver of growth.
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