Witcher Maker’s Stellar Run Faces Games Pipeline Challenge
- Video-game stock has biggest expected downside in Stoxx 600
- Analysts say outlook for shares hinges on new Witcher game
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Optimism around CD Projekt SA’s next generation of blockbuster game The Witcher has sent the shares soaring, though given the risks involved analysts are skeptical the gains will last.
The Polish game maker has rallied more than 60% this year so far, making it the best performer in Warsaw’s WIG20 Index. However, analysts expect its shares to fall 30% over the next 12 months, the biggest potential downside for any stock in the Stoxx Europe 600 Index, according to data compiled by Bloomberg.