CD Projekt shares dip as Cyberpunk 2077 fails to earn top marks from reviewers

CD Projekt shares have dipped 9.4% in Warsaw after Cyberpunk 2077 scored 91 out of 100 based on the average of 44 journalist reviews on Metacritic. This makes the title only the fourth-best PC game of 2020.

“Any score below 90 may trigger a negative reaction, score of 95 or more may be a slight positive, touching 98 or more very positive,” warned analyst Michal Wojciechowski earlier this week. The score of 91 “may be to some extent considered as disappointing given the massive hype and high bar set by high-budget AAA titles in the past,” another analyst, Citigroup Inc.’ Rafal Wiatr, tells Bloomberg.

The decline in the stock comes just days after CD Projekt’s shares reached their peak price of $125.5.

Currently, Cyberpunk is scored behind Red Dead Redemption 2, Grand Theft Auto V, and CD Projekt’s own Witcher 3.

The Metacritic score might still change and the title might live up to the forecast of 30 million copies sold in its first year. But that might “depend on how quickly and comprehensively CD Projekt fixes the bugs,” Morgan Stanley analyst Omar Sheikh wrote.