Home » Technology » CD Projekt discounted after the publication of the new strategy. Credit Suisse cuts valuation by 61 percent

CD Projekt discounted after the publication of the new strategy. Credit Suisse cuts valuation by 61 percent

The CD Projekt price plunges for the second day in a row after investors were disappointed with the strategy update. He is also not helped by a deep valuation cut by one of the global banks.

  • CD Projekt’s quotations for the first time in more than two years fell below the ceiling of PLN 190
  • According to analysts, the updated strategy is disappointing because it is “vague”
  • Credit Suisse analysts lowered the target price for the company’s shares by more than 60 percent, to just PLN 155
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They drop sharply on Wednesday’s session CD Project quotations. In the afternoon, the company’s shares declined by about 14 percent, going down for the first time in more than two years below the ceiling of PLN 190. Investors did not like the strategy update presented the day before by CD Projekt, and they also accepted it without enthusiasm announcement of the acquisition of the Canadian game development studio.

Investors disappointed with the update of CD Projekt’s strategy

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