Analysts believe that CD Projekt shares will soon stop falling, but do not expect a sharp increase
Last week, CD Projekt shares fell by 9% in a day, falling to 93 zloty ($20.7) apiece. Their price has not been so low since 2017. Polish news publication today Bankier.pl it gathered the opinions of analysts about what the group of companies can expect next.
A representative of Rockbridge TFI said that CD Projekt’s problems are related to the postponement of the release of the next generation version of The Witcher 3 and the imperfect sales of Cyberpunk 2077.
He suggested that in the near future the scale of investor pessimism may decrease (if CD Projekt does not share other bad news). After that, stocks will stop falling. However, this will not lead to an increase in their cost.
Representatives of Ipopema Securities and DM BOŚ generally agree with the analyst.
