The stock market often suffers from short‑sightedness, but in the case of Bloober Team this is a rather exceptional situation.
Bloober Team builds power. Seven projects in progress
Experts from Trigon point out that the current valuation of the company in no way reflects the transformation the Krakow developer has undergone in recent years.
Read also: The stock market in 2026 is preparing a surprise? “Investors should ensure their portfolios are ready for an upward trend”
This is no longer a small studio of niche horror games, but a well‑managed machine for generating value. A clear confirmation of this thesis is the target presented in the incentive program: an EBITDA goal (operating profit before interest, taxes and amortisation).
The amount is at least 500 million PLN in 2026‑2029. It should be noted that the shareholders’ meeting has not yet approved this threshold, but the very fact of setting the bar at this level demonstrates not only great confidence but also the scale of planned operations.
The company is dramatically strengthening its structures to prove such ambitious plans. Three experienced industry managers will join the team, responsible for production and publishing.
The main task of the new managers will be to introduce financial discipline, to ensure long‑term stability and to guide Bloober Team through a sustainable growth process.
If the commercial plans for games and revenue from the Work for Hire (WFH) segment materialise as internally expected, the current conservative analyst forecasts may turn out to be only a modest prelude to a real boom.
See also: CD Projekt competitor shares at a 50‑percent discount! Expert: “The launch is an undeniable disappointment”
Success analysis and ambitious projects on the horizon
The year 2025 was exceptional for Bloober Team, as the company recorded a profit of 52.6 million PLN. This is twice as good as the record‑setting 2021 and is largely due to the strong performance of the horror Cronos: The New Dawn and the success of Silent Hill 2 Remake.
It should be noted that the company currently has seven projects in production, of which two are large internal productions. In February the arrival of Layers of Fear 3 was announced (after a very interesting and enigmatic teaser), which for players and investors means that the studio is returning to its roots – this time as a powerful market player.
Thanks to the Broken Mirror Games division, Bloober Team is developing five smaller titles, while others await the so‑called greenlight.
Analytical models already account for upcoming productions such as Project M, an exclusive title for the Nintendo console, and Project J, which is being developed in collaboration with the giant Lionsgate.
The biggest excitement, however, comes from Project F – market speculation increasingly suggests it may be a production using the powerful Star Trek IP. It is worth adding that Trigon analysts predict revenue of 34 million PLN in the first quarter.
See also: Will CD Projekt shares ignite the market again? A new game is coming! Expert says when he expects DLC for “The Witcher 3”
CD Projekt shares and Trigon valuation. Time for a rally towards 40 PLN
All the above arguments lead to one conclusion, which Trigon analysts articulated in their latest recommendation dated April 21, 2026:
Our valuation is entirely based on the DCF method, which sets a target price of 40 PLN. The upward revision of the valuation is partly due to adopting a slightly higher USD/PLN exchange rate than before, using a slightly lower risk premium (6% according to Trigon methodology for sWig80 index companies), and “including” the game Layers of Fear 3, whose launch was announced in February.
The target price was raised from the previous 35 PLN to 40 PLN per share. This means an astonishing growth potential of about 50% relative to the market price at the time of the report.
The recommendation is clear: “Buy.”
The current Bloober Team share price as of April 27, 2026 is 27 PLN.
Chart. Bloober Team share price
Source: TradingView.
The current CD Projekt share price as of April 27, 2026 is 277,30 PLN.
Kamil Szczepański, XTB analyst, stated in a recent interview with FXMAG that “sector leaders can often pull smaller entities along, especially in relatively small and dynamic markets like the GPW.”
“The behaviour of CD Projekt Red’s share price could be one of those growth factors,” he added.
Read more in the article: CD Projekt shares will stir the gaming market? Expert: “Sector leaders can often pull smaller entities”
Chart. CD Projekt share price
Source: TradingView.
See also: CD Projekt shares – what next? Expert highlighted companies worth watching in 2026!
