CD Projekt stock: Trigon sets PLN 325 target for CD Projekt stock

Published on 10/20/2026 at 15:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

H1 2026 sales reached PLN 435.3 million. CD Projekt stock costs EUR 59.57 on October 20, 2026, up 1.38 percent versus Xetra close.

Target and earnings outlook

Trigon's September 25, 2026 report named CD Projekt a top pick with more than 32 percent implied upside.
Sales revenue reached PLN 435.3 million in the first half of 2026.
CD Projekt stock costs EUR 59.57 at Lang & Schwarz on October 20, 2026 at 3:37 p.m. CEST, 1.38 percent above the Xetra close of October 19, 2026.
CD Projekt reported PLN 245.3 million of EBIT and PLN 249.1 million of net profit for the first half of 2026.

CD Projekt, PLOPTTC00011, Illustration mit AI erstellt.

CD Projekt (PLOPTTC00011) was named a top pick by Trigon at a PLN 325 valuation in a report dated September 25, 2026, more than 32 percent above the then PLN 246 quote, according to Parkiet. At Lang & Schwarz, the stock was trading at EUR 59.57 on October 20, 2026 at 3:37 p.m. CEST, up 1.38 percent versus the Xetra close of October 19, 2026 at EUR 58.76.

Trigon sees more value

Trigon's report placed CD Projekt among its preferred game developers and assigned a PLN 325 valuation. The report compared that target with a PLN 246 market price and described more than 32 percent implied upside.

The analysis also pointed to the company's Witcher and Cyberpunk intellectual property. It cited the planned fourth Witcher game, with CD Projekt identifying 2028 as its release year, as a factor supporting the valuation.

H1 earnings provide support

CD Projekt's investor-relations page lists PLN 435.3 million of sales revenue for the first half of 2026, alongside PLN 245.3 million of EBIT and PLN 249.1 million of net profit, according to the CD Projekt investor-relations page.

The first-half figures put the analyst valuation against a profitable reporting period rather than only a development pipeline. The PLN 249.1 million net profit was 37.00 percent higher than the comparable figure cited in the company's investor coverage.

Price and valuation remain elevated

CD Projekt's EUR 59.57 Lang & Schwarz price is 1.38 percent above the EUR 58.76 Xetra close of October 19, 2026. The primary Warsaw listing was at PLN 260.50 on October 20, 2026 at 3:35 p.m. CEST, while its price earnings ratio was 42.22.

That valuation leaves the Trigon target 24.76 percent above the Warsaw price, calculated from PLN 325 and PLN 260.50. The comparison uses the same PLN currency and separates the analyst target from the German euro quotation.

November 24 is the next date

CD Projekt is scheduled to report third-quarter 2026 results on November 24, 2026, according to Simply Wall St. The date gives investors the next formal checkpoint for the pipeline and the earnings trajectory.

Stock holds above the close

The current euro quotation sits above the Xetra close, while the Warsaw price remains below Trigon's PLN 325 valuation. For investors, the November reporting date and the gap between the market price and the analyst target are the clearest next reference points.

The further course of trading is shown by the continuously updated real-time quote of CD Projekt stock.