Hasbro (NASDAQ:HAS)，Bank of America raised its expectations for the year, citing potential sales growth from the recent launches of the digital game Monopoly Go and videogame Baldur’s Gate 3.
The entertainment and toy company’s Monopoly Go game could add $60 million to revenue, if it generates $500 million of revenue in its first year, largely benefiting 2024, according to Bank of America’s analysts.
Bank of America is raising its 2023, 2024 and 2025 earnings per share to include positive prospects for Monopoly Go and Baldur’s Gate 3.
The U.S. bank, which also increases its target price to $90 from $85 previously, predicts 2023 earnings per share of $3.89, up from $3.87 previously.
For 2024 and 2025, Bank of America raises its views to earnings per share of $5 and $5.34, up from $4.80 and $5.18.