Analyst Andrew Wade from Jefferies maintained a Buy rating on Games Workshop and keeping the price target at p21,000.00.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Andrew Wade has given his Buy rating due to a combination of factors surrounding the recent announcement of ‘Total War: Warhammer 40,000’. This development is significant as it brings the popular 40k sci-fi universe into the well-regarded Total War strategy game series, which is expected to attract a large audience.
Wade anticipates that this release could surpass the success of the original ‘Total War: Warhammer’, which sold approximately 7 million units since 2016. The reasons for this optimism include the larger fan base of the 40k intellectual property compared to its fantasy counterpart, the game’s availability on multiple platforms like PlayStation and Xbox in addition to PC, and its positioning as a ‘AAA’ title. Furthermore, the successful precedent set by Space Marine 2 last year adds to the positive outlook for this upcoming release.
In another report released on December 7, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a p22,525.00 price target.