Analysts doubt CD Projekt will reach PLN 2 bln target from incentive program by end ‘26
Analysts are increasingly skeptical that CD Projekt will meet the PLN 2 bln cumulative net profit target under its 2023-2026 incentive program. A Strefa Inwestorów survey found that 80% of Polish and foreign gaming analysts doubt the target will be reached. After Q1 2026, the company still needs PLN 418 mln in adjusted net profit. The delay of “Pieśń Przeszłości” until 2027 has made the goal harder, although analysts point to potential support from the second season of “Cyberpunk: Edgerunners,” a new Witcher 3 expansion and several unannounced projects.
Management still considers the target achievable, while some analysts forecast cumulative profit closer to PLN 1.9 bln.