{"id":52153,"date":"2023-08-23T18:20:41","date_gmt":"2023-08-23T22:20:41","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/hasbro-stock-led-the-sp-500-what-this-analyst-likes-about-the-toy-maker\/"},"modified":"2023-08-23T18:20:44","modified_gmt":"2023-08-23T22:20:44","slug":"hasbro-stock-led-the-sp-500-what-this-analyst-likes-about-the-toy-maker","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=52153","title":{"rendered":"Hasbro Stock Led the S&P 500. What This Analyst Likes About the Toy Maker."},"content":{"rendered":"
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Investors don\u2019t fully appreciate the opportunity Hasbro\u2019s intellectual property offers, according to a BofA Securities analyst, who lifted his price target on the toy maker. <\/p>\n

Shares of
\n Hasbro
\n (ticker: HAS) rose 7.1% to $67.71, and the stock was the leading performer in the
\n S&P 500.<\/span>\n <\/p>\n

\n

BofA analyst Jason Haas wrote in a Tuesday note that they recently upgraded the stock to Buy on the strength of Hasbro\u2019s Lord of the Rings Magic set. There are also recently introduced digital games, Monopoly Go and Baldur\u2019s Gate 3<\/em>, from which the company snaps up royalty revenue.<\/p>\n

\u201cHasbro has now seen two more successful releases, early wins for Hasbro\u2019s Blueprint 2.0 strategy which focuses on fewer, bigger brands,\u201d the analyst said.<\/p>\n

With that in mind, Haas maintained his Buy rating on Hasbro, increased his price target to $90 from $85, and raised earnings estimates for the next few years. <\/p>\n

Monopoly Go and Baldur\u2019s Gate 3<\/em> \u201care performing exceptionally well,\u201d Haas continued, which could boost earnings going forward. And now BofA analysts see even more opportunity. <\/p>\n

\u201cWe believe investors don\u2019t fully appreciate Hasbro\u2019s potential to generate high-margin licensing revenue from its strong IP library which includes Transformers, Power Rangers, G.I. Joe, My Little Pony, and many more,\u201d Haas added. <\/p>\n

A majority of analysts are bullish on the stock, with 85% rating it Buy and 15% at Neutral, according to FactSet. <\/p>\n

Earlier this month, Hasbro missed second-quarter adjusted earnings expectations but beat on revenue. Shares have gained 11% this year. <\/p>\n

Write to Emily Dattilo at emily.dattilo@dowjones.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Investors don\u2019t fully appreciate the opportunity Hasbro\u2019s intellectual property offers, according to a BofA Securities analyst, who lifted his price target on the toy maker. Shares of Hasbro (ticker: HAS) rose 7.1% to $67.71, and the stock was the leading performer in the S&P 500. BofA analyst Jason Haas wrote in a Tuesday note that […]<\/p>\n","protected":false},"author":1,"featured_media":52154,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-52153","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nHasbro Stock Led the S&P 500. 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