Millennium cuts target for 11 bit studios stock to PLN 145.50
Published on 10/15/2026 at 18:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and valuation
- On September 16, 2026, BM Millennium cut its 11 bit studios target to PLN 145.50.
- Net cash stood at PLN 84.60 million at the end of the second quarter of 2026.
- 11 bit studios stock costs EUR 27.47 at Lang & Schwarz on October 15, 2026 at 6:30 p.m. CEST, plus 0.17 percent on the Warsaw Stock Exchange.
- Market capitalization was PLN 290.5 million on October 15, 2026.
BM Millennium cut its target for 11 bit studios from PLN 167.00 to PLN 145.50 in a report dated September 16, 2026, while keeping its accumulate rating, according to Bankier.pl. The target stood 21.05 percent above the Warsaw price of PLN 120.20 on October 15, 2026. At Lang & Schwarz, the euro quote was EUR 27.47 on October 15, 2026 at 6:30 p.m. CEST, with the Warsaw listing up 0.17 percent on the session.
Target cut meets cash position
The valuation change came with a financial cushion. BM Millennium reported that 11 bit studios held PLN 84.60 million of net cash at the end of the second quarter of 2026, a figure carried by Bankier.pl. The same report said the lower target reflected reduced earnings forecasts and earlier underestimation of costs.
Stock stays above yearly low
The Warsaw quotation stood at PLN 120.20 on October 15, 2026 at 4:59 p.m. CEST. Its 52-week range was PLN 116.50 to PLN 189.00, putting the latest Warsaw price 36.40 percent below the high and 3.17 percent above the low. Trading volume reached 9,352 shares, compared with an average of 5,442 shares.
Valuation remains tightly watched
The company had a market capitalization of PLN 290.5 million on October 15, 2026. The reported trailing price-to-earnings ratio was minus 115.58, while the trailing dividend yield was 0.00 percent.
Comparison with peers
11 bit studios: plus 0.17 percent, P/E minus 115.58, market capitalization PLN 290.5 million.
CD Projekt (Warsaw Stock Exchange, PLN): minus 0.79 percent, P/E 42.94, market capitalization PLN 26.4 billion.
CI Games (Warsaw Stock Exchange, PLN): minus 0.80 percent, P/E 328.29, market capitalization PLN 546.0 million.
Euro quote after the Xetra close
The Lang & Schwarz quote of EUR 27.47 on October 15, 2026 at 6:30 p.m. CEST reflects after-hours trading in Germany. The Warsaw listing's session change was plus 0.17 percent, while the Polish share price remained 36.40 percent below its 52-week high of PLN 189.00.
The further course of trading is shown by the continuously updated real-time quote of 11 bit studios stock.
11 bit studios market data
- Company: 11 bit studios S.A.
- ISIN: PL11BTS00015
- Ticker: 11B.WA
- Primary exchange: Warsaw Stock Exchange
- Price Lang & Schwarz (as of October 15, 2026, 6:30 p.m. CEST): EUR 27.47
- Change on Warsaw Stock Exchange: plus 0.17 percent
- Market capitalization: PLN 290.5 million (as of October 15, 2026)
- 52-week range: PLN 116.50-189.00 (as of October 15, 2026)
- Sector / Industry: Technology / Electronic Gaming and Multimedia
Market context: Market report WIG 20.
