Trigon cuts target for Bloober Team stock from PLN 40.00 to PLN 38.00

Published on 10/20/2026 at 21:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half 2026 sales rose 14.90 percent to PLN 52.61 million. Bloober Team stock costs EUR 4.99 on October 20, 2026 at Lang & Schwarz.

Analyst target and results

Trigon DM cut its Bloober Team target from PLN 40.00 to PLN 38.00 on October 19, 2026.
First-half 2026 sales rose 14.90 percent to PLN 52.61 million, while net income was a PLN 7.70 million loss.
Bloober Team stock costs EUR 4.99 at Lang & Schwarz on October 20, 2026 at 9:21 p.m. CEST.

Bloober Team, PLBLOBR00014, Illustration mit AI erstellt.

Bloober Team (ISIN PLBLOBR00014) saw Trigon DM cut its target from PLN 40.00 to PLN 38.00 in a report dated October 19, 2026, while maintaining its buy recommendation, according to Bankier.pl. Bloober Team was trading at EUR 4.99 at Lang & Schwarz on October 20, 2026 at 9:21 p.m. CEST, during after-hours.

Revenue grew in the first half

The company reported PLN 52.61 million in sales for the first half of 2026, up 14.90 percent from PLN 45.79 million a year earlier. The figures were reported in the half-year report published on September 24, 2026, as covered by PAP.

Higher sales did not prevent a weaker bottom line. Bloober Team posted a PLN 7.70 million net loss in the first half of 2026, compared with a PLN 9.70 million profit in the first half of 2025. EBITDA was PLN 15.00 million, against PLN 15.10 million a year earlier.

Target remains above the Warsaw price

Trigon's new PLN 38.00 target stood 73.52 percent above the GPW price of PLN 21.90 on October 20, 2026. That Warsaw quotation was last traded at 5:03 p.m. CEST. Bloober Team's 52-week range was PLN 20.80 to PLN 28.50, placing the latest Warsaw price PLN 1.10 above the lower end and PLN 6.60 below the upper end.

Valuation follows the earnings reset

Bloober Team had a market capitalization of PLN 422.20 million and a price-to-earnings ratio of 11.71 on October 20, 2026. Trading volume reached 13,233 shares in Warsaw. The contrast between higher first-half sales and the return to a net loss explains why the analyst report paired a lower target with a maintained buy recommendation.

What the target says about the pipeline

Trigon's report pointed to four planned releases through the end of 2027, including a Cronos DLC expected in December 2026 and an Early Access release of Saw: Genesis in the first quarter of 2027. The report also identified ONYX: The Dark Grip and Star Trek: Shadow Frontier as planned projects, while noting that the latter had no specific release window.

Bloober Team stock after hours

For investors, the key contrast is clear: first-half sales increased by 14.90 percent, but the group moved from a PLN 9.70 million profit to a PLN 7.70 million loss. Trigon's PLN 38.00 target remains materially above the Warsaw quotation, while the Lang & Schwarz euro price provides the latest German-market indication.

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