UBS raises Hasbro price target as company nears margin goals

Hasbro Inc. is expected to release its third-quarter results on October 24. UBS has increased its price target for the company from $69 to $82.

The brokerage firm believes that Hasbro is on track to surpass its fiscal 2026 operating margin goal of 20% by 2024 or 2025. This growth is driven by the success of its gaming segment, which includes popular brands such as Magic: The Gathering and Dungeons & Dragons. UBS predicts that the Wizards of the Coast and Digital Gaming segment will generate $1.6 billion in revenue by 2026, up from $1.46 billion in 2023. The firm highlights the segment's high operating margin and its digital offerings, which complement its strong analog products and appeal to a dedicated user base.

Currently, twelve out of fifteen brokerage firms rate Hasbro's stock as a "buy" or higher, with a median target price of $77. Hasbro's share price has risen by 41% since the beginning of the year.

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