Buy Rating for Games Workshop: Strong Growth Trajectory and Warhammer Franchise Expansion

Analyst Andrew Wade of Jefferies reiterated a Buy rating on Games Workshop, with a price target of p18,300.00.

Andrew Wade has given his Buy rating due to a combination of factors including the strong underlying growth trajectory of Games Workshop’s core business, which has demonstrated impressive compound annual growth rates over the past decade. Despite an anticipated decline in profits for the fiscal year 2026 due to the success of Space Marine 2, Wade foresees a return to double-digit profit growth in the following year, fiscal 2027.
Additionally, Wade is optimistic about the broader market potential of the Warhammer franchise, particularly with the upcoming Amazon TV series, which could significantly expand its audience. This potential, coupled with a raised price target, reinforces his positive outlook on the stock, leading to the Buy recommendation.