Hasbro Consensus Estimates Appear Conservative, Does Not Reflect Success Of Digital Gaming Strategy, Says Bullish Analyst
Portfolio Pulse from Priya Nigam
Hasbro Inc. (NASDAQ:HAS) shares are climbing as analysts, including BofA Securities' Alexander Perry, turn bullish on the stock. Perry upgraded Hasbro from Neutral to Buy and raised the price target from $70 to $80, citing the success of the company's digital gaming strategy with Monopoly Go! and positive signs in the consumer products business.
June 14, 2024 | 4:09 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
BofA Securities upgraded Hasbro from Neutral to Buy, raising the price target from $70 to $80. The upgrade is driven by the success of Monopoly Go! and positive trends in the consumer products business.
The upgrade from BofA Securities and the raised price target indicate strong confidence in Hasbro's digital gaming strategy and consumer product trends. This is likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100