Higher target price of PLN402.13 and ADD rating
-"Our target price for CD Projekt goes up from previously PLN335.37 to PLN402.13 for the following reasons: 1) higher long-term growth assumptions due to more bullish market forecasts for the global ..."
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Our target price goes up by 7%, mainly due to an increase in our DCF value from €103 to €111. Peer-based values also contribute marginally.
CD Projekt released in mid-December the most awaited game of 2020. After two postponements, December 2020 was still too early and Cyberpunk 2077 was ...