Hasbro Likely to Post Solid Q3 Beat on Wizard Segment Growth, UBS Says
MT newswire2026/10/08 15:4111:41 AM EDT, 10/08/2026 (MT Newswires) -- Hasbro (HAS) is likely to post a solid Q3 beat on double-digit percentage growth in the Wizard business and modest upside to the consumer products segment, given broadly positive point-of-sales for the quarter, UBS said in a Thursday research note. Channel checks indicate robust demand for The Hobbit, along with strength in reactivation of older sets, according to the note. The company is due to report Q3 results on Oct. 20. The brokerage said it believes Magic: The Gathering outperformance in Q3 is more limited by supply constraints than demand. Beyond Magic volumes, UBS believes the biggest swing factor for margins next year is video game releases, as volume upside can considerably change the margin profile of those games, analysts wrote. The brokerage said it reiterated its buy rating on the stock and price target of $120 per share. Price: 91.59, Change: +0.84, Percent Change: +0.93
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