Hasbro (NASDAQ: HAS ) stock could be poised for further gains if Bank of America analysts are right about the toy and game company's shares. Bank of America analysts increased their price target for HAS stock from $70 per share to $80 per share today.
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U.S. stocks were mostly lower, with the Dow Jones index falling around 300 points on Friday.
Bank of America upgraded its rating on toy company Hasbro Inc (NASDAQ:HAS) to Buy from Neutral, setting a price target of $80, citing optimism about the company's digital gaming strategy and recovery in its consumer products segment. Analysts cited expectations that Hasbro's digital gaming initiatives, particularly with Monopoly Go!
HAS, RCL and SIMO made it to the Zacks Rank #1 (Strong Buy) growth stocks list on June 14, 2024.
Hasbro, Inc. (NASDAQ:HAS) stock is up 1.2% before the bell, after Bank of America upgraded to "buy" from "neutral" and hiked its price target to $80 from $70.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
Hasbro (HAS) closed at $58.02 in the latest trading session, marking a -0.5% move from the prior day.
In the closing of the recent trading day, Hasbro (HAS) stood at $58.45, denoting a +0.1% change from the preceding trading day.
Hasbro (HAS) benefits from innovative product and content launches within the Dungeons & Dragons universe.
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