Games Workshop: Strong Financial Performance and Promising Growth Prospects Justify Buy Rating

Analyst Andrew Wade from Jefferies maintained a Buy rating on Games Workshop (GAW – Research Report) and keeping the price target at p11,850.00.

Andrew Wade has given his Buy rating due to a combination of factors, including the impressive financial performance and growth prospects of Games Workshop. The company has reported a significant increase in core revenue and licensing income, with expectations for group profit before tax to surpass market predictions. This strong financial outlook is driven by the success of key products like Space Marine 2, which has contributed to record licensing revenue.
Despite the anticipation of a quieter year in FY26 regarding new releases, the underlying business momentum remains robust. The company has a promising pipeline with upcoming projects such as the Amazon series and future game releases, which are expected to sustain growth. These elements collectively support Andrew Wade’s positive outlook and Buy rating for Games Workshop’s stock.