CD Projekt Red analyst rating

CD Projekt S.A. (CDR) has been given a "Moderate Sell" consensus rating by analysts, with a wide range of price targets ranging from $32.94 to $207.

1. Revenue and Earnings Expectations: Analysts have lowered their revenue forecasts for CD Projekt, expecting a significant decline in 2024 compared to the previous year. Additionally, the projected earnings per share (EPS) for the same period have also been reduced, indicating a pessimistic outlook on the company's financial performance.
2. Stock Price Target: The average price target for CD Projekt remains relatively stable, with some analysts setting targets as high as $207, while others have set lower targets at $32.94. This wide range of price targets suggests that analysts have differing views on the potential outcomes for the company's stock price.
3. Recent Performance: CD Projekt's recent earnings report showed a strong beat on expectations, with revenue and EPS figures significantly higher than analysts' forecasts. However, this positive performance has not led to a more favorable analyst rating, as the consensus remains a "Moderate Sell." This could indicate that analysts believe the improved earnings outlook is not sufficient to change the overall negative sentiment towards the company.
4. Market Sentiment: The mixed analyst ratings and price targets reflect the uncertainty surrounding CD Projekt's future prospects. While some analysts see potential in the company's performance and earnings, others remain cautious, leading to a diverse range of opinions on the stock's future trajectory.