Goldman Sachs Upgrades Hasbro (HAS) to Buy

Goldman Sachs analyst Michael Ng upgraded Hasbro (NASDAQ: HAS) from Neutral to Buy with a price target of $85.00.

The analyst comments "We upgrade shares of Hasbro (HAS) to Buy (from Neutral) going into the second half of 2025. We believe Hasbro is well-positioned to exceed consensus expectations in 2026+ across Revenue, Adjusted EBITDA, and Free Cash Flow driven by i) robust demand for Magic: The Gathering's new Universes Beyond sets, ii) execution against the company's new self-published digital gaming strategy starting with the Exodus game next year, and iii) better-than-feared performance from the toy business as tariff relief, market share growth, and pricing levers insulate segment profitability."

For an analyst ratings summary and ratings history on Hasbro click here. For more ratings news on Hasbro click here.

Shares of Hasbro closed at $73.13 yesterday.

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