CD Projekt before the big announcement? Expert: “It’s a bit of guessing”
CD Projekt’s shares, the Polish video game developer and distributor, are recovering from recent declines in response to reports of a potential DLC for “The Witcher 3” that the company may be working on.
Information about new CDR projects regularly heats up the Warsaw trading floor, which is made up of investors who are often also fans of the universe created by the giant.
Grzegorz Gawkowski, a stock analyst at Bank Millenium's Brokerage Office, told FXMAG whether CD Projekt, as the market values it, could surprise with new releases in the coming months.
“In my assessment, the market indeed expects that CD Projekt may show something new from the Witcher universe in the coming months,” he said.
“This is mainly due to the context of the incentive program for 2023-2026, which aims to achieve 2 billion PLN cumulative net profit. With 11 of 16 quarters remaining to reach the goal, there is still about 700 million PLN left, so investors assume the company needs an additional project to support results before the release of Witcher 4. In this context, the scenario of a new DLC for Witcher 3 most often emerges,” he added.
The expert also reminded of upcoming “real life” events for the company.
“In May, the 11th anniversary of the Witcher 3 release falls, and additionally at the end of the month CD Projekt will publish results for 1Q'25, which naturally expands the space for communication with investors and players,” he stated.
The analyst noted that the community close to CDR “lives very strongly on the topic” of any new developments.
“Practically at every major industry event speculation arises about a possible announcement of new material or a project related to Witcher. As for a potential announcement moment, it would be very difficult for me to point to a specific event today,” he said.
He thus referred to speculation about potential announcements that CD Projekt might make during the May conference Digital Dragons or the June Summer Game Fest.
In reality, similar speculation currently appears at virtually every major industry event, so it’s a bit of guessing.
Of course, Summer Game Fest seems like a natural place from a global marketing reach perspective, but the company could just as well decide on its own communication or use another opportunity such as. financial results or the Witcher anniversary.
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New releases will support CD Projekt shares? Expert answers
The price of CD Projekt shares on Wednesday, May 13 is at 257,1 PLN after a rise of 0.63%.
Grzegorz Gawkowski told FXMAG how new announcements from CDR could affect the company's shares.
A potential announcement of a new DLC for Witcher 3 would, in my opinion, be positively received by the market and could support CD Projekt’s price in the coming months.
“This project would serve a dual role. On one hand it would help results during the transition period before the release of Witcher 4, and on the other it would be a very strong marketing tool sustaining interest in the IP,” he said.
“At the same time I remain cautious about expectations regarding the release date of Witcher 4 itself. Some of the market assumes a 2027 release, while I still lean more towards 2028, so additional content for Witcher 3 could be a rational way for the company to buy time before the next big release,” he emphasized.
Chart. CD Projekt share price
Source: TradingView.
The above material is informational and does not constitute an investment recommendation. Investing involves risk, and every investment decision should be made independently, taking into account the individual financial situation and investment goals.
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