As more people continue to stay at home due to the ongoing coronavirus crisis, analysts anticipate the Cyberpunk 2077 game will get a huge reception through the first year of release.
Shares of Polish video game developer CD Projekt SA (WSE: CDR) continued to shrink as they were trading around 379.20 PLN approximately 4.19% down on December 10, 10:19 GMT+1. After years of meticulous writing and planning, the company has today released the Cyberpunk 2077 game, despite the lower than anticipated reviews. According to the news outlet Bloomberg, Cyberpunk 2077 the futuristic role-playing new franchise that features the actor Keanu Reeves, scored 91 out of 100 based on the average of 44 reviews by journalists. However, CD Projekt expects the result to change as 17 more Cyberpunk 2077 reviews are pending and in progress. Hereby likely to change to the near future of CD Projekt shares.
The company has a market valuation of approximately 39.76 billion PLN. With such a huge cash reserve, the company is capable of delivering an update of Cyberpunk 2077 that is free of bugs thus earning a better review.
The market data provided by MarketWatch indicate CD Projekt shares have had a mixed result in the past 12 months. Whereby they are up approximately 53.41%, and 41.61% in the past twelve months and year to date respectively. However, they are down 7.74%, and 5.99% in the past three months and five days respectively.
Having been rated 28 times previously, CD Projekt shares received an average of Over rating. Mind you, the company had not released any new product for years but only with speculation on cyberpunk 2077.
As more people continue to stay at home due to the ongoing coronavirus crisis, analysts anticipate the Cyberpunk 2077 game will get a huge reception through the first year of release. Precisely, Bloomberg reported that CD Projekt could sell up to 30 million copies in its first year, thus one of the best selling of all time.
“First-year sales are likely to be driven by both critic and user reviews, and the latter may depend on how quickly and comprehensively CD Projekt fixes the bugs,” wrote Morgan Stanley analyst Omar Sheikh.
A score of 91 currently cannot be considered a complete negative call but notably cools down the prior hype around the game. “Any score below 90 may trigger a negative reaction, score of 95 or more may be a slight positive, touching 98 or more very positive,” warned analyst Michal Wojciechowski earlier this week.
Future growth prospects of CD Projekt shares remained heavily underpinned by the success rate of the latest game release, Cyberpunk 2077.