Analyst Alexander Perry of Bank of America Securities reiterated a Buy rating on Hasbro (HAS – Research Report), reducing the price target to $80.00.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Alexander Perry has given his Buy rating due to a combination of factors including Hasbro’s strong performance in specific segments and promising future growth prospects. The company has exceeded expectations in its Wizards of the Coast segment, with operating margins and revenues surpassing prior forecasts. Additionally, the Monopoly Go! game has contributed significantly to revenue, exceeding initial projections, which supports a positive outlook for the company’s consumer products segment.
Furthermore, Hasbro’s strategic initiatives, such as the “Playing to Win” strategy, are expected to drive mid-single-digit revenue growth and improved operational margins from 2025 to 2027. Despite slight challenges in some segments like Nerf and Star Wars, the overall market share gains and anticipated strong growth in trading cards and building blocks provide a robust foundation for future success. Consequently, the combination of these factors underpins the Buy rating, with a price objective of $80 based on anticipated earnings and growth potential.
According to TipRanks, Perry is a 2-star analyst with an average return of 0.2% and a 43.27% success rate. Perry covers the Consumer Cyclical sector, focusing on stocks such as Camping World Holdings, Hasbro, and Thor Industries.
In another report released today, Roth MKM also maintained a Buy rating on the stock with a $82.00 price target.