Hasbro's (NASDAQ:HAS) stock has been making notable moves recently, with shares gapping up to $58.02. There are many reasons being attributed to the company's stock increase, including Bank of America's prediction that Hasbro's stock could gain 40% from its current position and an upgrade from BofA that sees a potential 50% upside. Several major investment firms like Clearfield Capital Management, Neuberger Berman Group, and Seven Eight Capital have been making considerable investments in Hasbro, indicating confidence in its potential growth. Recognition from Zacks Analyst Blog and being considered a top growth stock long-term are boosting investor confidence. While there has been some negative news with the company's stock declining while the market improves and insider selling, positive outlooks and recommendations from analysts may counterbalance the negativity. However, disappointing financial reports and a concerning five-year loss of 24% might temper some of the excitement around the stock. Notwithstanding, Hasbro has outperformed other consumer discretionary stocks this year and has shown a sustained upward momentum recently with an impressive first-quarter earnings beat.
Hasbro Stocks HAS News Analytics from Thu, 26 Oct 2023 07:00:00 GMT to Sun, 16 Jun 2024 06:52:52 GMT - Rating 4 - Innovation -5 - Information 3 - Rumor -3