Home » Business » Cyberpunk 2077 with a worse sales forecast, CD Projekt is losing on the stock exchange

Cyberpunk 2077 with a worse sales forecast, CD Projekt is losing on the stock exchange

In a recent report analysts of Dom Maklerski BOŚ lowered the stock-exchange recommendation for the CD Projekt Group and the target price of the company’s shares. So far, it has been recommended to “hold” them, but now Tomasz Rodak, the author of the report and the deputy director of the Capital Research Department at DM BOŚ, changed the recommendation for the Polish developer to “sell”. However, the new target share price is PLN 90 (previously: PLN 167; via Polish Press Agency). At the time of issuing the report, the price was just over PLN 116.

At the same time, DM BOŚ lowered the forecasted sales Cyberpunk 2077. Sales volumes in 2022 and 2023 are expected to be 4 and 3.6 million copies, respectively, 40% and 33% less than previously assumed. Thus, the total sales of the game by 2024 are to reach 28.4 million copies. So far, it has been estimated that it will be 34.7 million copies.

The report justifies these disappointing forecasts for CD Projekt with the company’s recent actions. It is about resigning from “most of the positive factors” that would increase the value of the company’s shares in the coming years, or postponing them.

On the one hand, we have delays update Cyberpunk 2077 and The Witcher 3: Wild Hunt intended for ninth-generation consoles (the first game finally got an update in February) as well paid extensions do Cyberpunk. On the other hand, CD Projekt’s resignation from the development of its proprietary engine, which – as we read – may mean postponing the addition of network functions to this position:

We believe that the company’s recent actions resulted in the cancellation or postponement of most of the positive factors that could support the share price: version The Witcher 3 for next-gen consoles was postponed to a later date (no specific date), paid add-ons to Cyberpunk 2077 will appear at the earliest in 2023 and the resignation from the proprietary REDengine technology probably means that online elements will not appear in Cyberpunk 2077 in the near future.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.