Dec. 29 at 4:25 PM
$HAS $82.67 bid. DAC (dollar average cost includes partial SELLS at a profit to reduce cost to
$15.80. EXIT
$95.00 (midterm).
____
G101SPM
8/26/2025, 9:57:25 AM
$HAS $81.19 bid. SELL /TAKE PROFIT ON 50% of long position. DAC (dollar average cost does not included this SELL)
$56.49 (7.21.24). EXIT
$95.00.
BRIEF: Jefferies raises their
$HAS tgt to
$95 from
$90. Analyst Kylie Cohu added, "Given the momentum in MTG, HAS remains our top toy pick heading into 2026. In addition, HAS's latest digital gaming announcements pushed back the release of its first AAA self-published game to 2027, and we are therefore raising our 2026 WotC margins. This is the largest change to our model. In 2027, we believe that Exodus will be a much smaller release compared to the recently announced Warlock game. In terms of Consumer Product, HAS's entertainment slate is one of the best of the year (Mandalorian and Grogu, Spider-Man, Avengers) while margins should improve in the back half as the tariff impact is lapped. We are raising our 2026 op margin and EPS estimates to 23.3% vs. prev: 21.4% and
$5.21 vs. prev:
$4.91. Raising our PT to
$95 to reflect a blended FY'2 EV/EBITDA of ~13x."
