Goldman Sachs Sees Long-Term Profit Potential in Hasbro's (HAS) Magic the Gathering

Hasbro, Inc. (NASDAQ:HAS) ranks among the best performing S&P 500 stocks in the last 3 months. On August 26, Goldman Sachs reaffirmed a Buy rating and price target of $89 for Hasbro, Inc. (NASDAQ:HAS) shares following an investor meeting with the company’s senior management in Chicago. The bank’s analysis centered on growth catalysts for Hasbro’s Magic the Gathering franchise through 2026 and even beyond, emphasizing the trading card game’s sustained relevance in the company’s product line.

Goldman Sachs also reviewed Hasbro’s planned release of Exodus, the company’s inaugural self-published video game, and the possible margin effects related to this strategy shift toward direct game publishing.

Another significant topic discussed at the investor meeting was the prospect for increased profitability in Hasbro’s Consumer Products division, as well as a review of how future tariffs may affect this business unit.

Hasbro, Inc. (NASDAQ:HAS) is a toy and gaming company that operates in four business segments: Consumer Products, Wizards of the Coast and Digital Gaming, Entertainment, and Corporate and Other.

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Disclosure: None. This article is originally published at Insider Monkey.