CD Projekt (OTC: OTGLY) is a Polish video game company whose stock was hammered after the December 2020 release of Cyberpunk 2077. After a major drop in value during 2021, CD Projekt stock fell a further 40% in 2022.
However, Cyberpunk 2077 is looking like a strong performer going into 2023. CD Projekt has also announced a major strategy based around the Cyberpunk and Witcher IP. Although there are concerns that the strategy is too ambitious, CD Projekt is a dark horse company to watch in 2023
CD Projekt is one of the initial stocks in the DFC Intelligence Video Game Portfolio launched on January 3, 2023. If CD Projekt can not execute on its strategy the company is likely to be an acquisition candidate at a significant premium to the current market valuation.
