Andrew Wade, an analyst from Jefferies, reiterated the Buy rating on Games Workshop. The associated price target remains the same with p21,850.00.
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Andrew Wade has given his Buy rating due to a combination of factors that highlight Games Workshop’s solid operational momentum and earnings resilience. The company’s latest trading update indicates full-year profit before tax will exceed prior market expectations and show growth versus last year, even though the comparative period benefited from the Space Marine 2 release. Core revenues also advanced at a double-digit pace, an impressive outcome given that this is considered an “off year” in the product cycle.
In addition, the second half of the year saw revenue growth accelerate again after a softer December, reinforcing confidence that demand remains robust. Wade believes this performance supports maintaining his above-consensus forecasts for future years, particularly with the launch of Warhammer 40k 11th Edition set to drive further expansion, and therefore he reiterates a Buy rating with an unchanged price target of $21850.
According to TipRanks, Wade is a 3-star analyst with an average return of 2.4% and a 51.05% success rate. Wade covers the Consumer Cyclical sector, focusing on stocks such as Greggs plc, Games Workshop, and THG.