11 bit studios stock gains 3.91 percent at EUR 27.39

Published on 10/20/2026 at 21:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Millennium cut target to PLN 145.50 on September 16, 2026. 11 bit studios stock costs EUR 27.39 on October 20, 2026, up 3.91 percent on Frankfurt.

Analyst target and reporting date

Millennium cut its target for 11 bit studios from PLN 167.00 to PLN 145.50 on September 16, 2026.
The next earnings report is scheduled for November 25, 2026.
11 bit studios stock costs EUR 27.39 at Lang & Schwarz on October 20, 2026 at 9:41 p.m. CEST, 3.91 percent above the Frankfurt close of October 19, 2026.
The Warsaw listing has a PLN 116.50 to PLN 189.00 52-week range.

11 bit studios, PL11BTS00015, Illustration mit AI erstellt.

11 bit studios (ISIN PL11BTS00015) was trading at EUR 27.39 at Lang & Schwarz on October 20, 2026 at 9:41 p.m. CEST, up 3.91 percent versus the Frankfurt close of October 19, 2026 at EUR 26.36. The move gives the stock report a clear market signal, while the latest analyst action remains a key valuation reference.

According to Comparic.pl, BM Millennium kept its accumulate recommendation on September 16, 2026, but cut its target from PLN 167.00 to PLN 145.50. Against the Warsaw price of PLN 119.40, the target stood 21.86 percent above the price on October 20, 2026.

The target still leaves a gap

The lower target represents a 12.87 percent reduction from PLN 167.00. Even so, the revised PLN 145.50 target remained 21.86 percent above the Warsaw price, showing that the recommendation change was a valuation reset rather than a withdrawal of the accumulate view.

How far is the stock from its range?

On the Warsaw Stock Exchange, 11 bit studios was last at PLN 119.40 on October 20, 2026 at 4:49 p.m. CEST. Its 52-week range was PLN 116.50 to PLN 189.00, placing the price 2.49 percent above the low and 36.49 percent below the high. The market capitalization was PLN 288.6 million, and trading volume was 5,329 shares.

The company is a Poland-based video game developer and publisher with products distributed across PC and console platforms. Its Warsaw listing uses ticker 11B, while the Frankfurt listing uses 11C. The latest available financial profile also places the company in technology and electronic gaming and multimedia.

When are the next results due?

TradingView lists November 25, 2026 as the next earnings date. That event follows the September target revision and gives investors a concrete date for testing the assumptions behind the PLN 145.50 valuation.

Comparison with peers

11 bit studios: up 3.91 percent versus the Frankfurt close, P/E -114.81, market capitalization PLN 288.6 million.

CD Projekt (Frankfurt, EUR): up 1.80 percent, P/E 42.97, market capitalization EUR 6.0 billion.

Ten Square Games (Warsaw, PLN): up 0.89 percent, P/E 10.60, market capitalization PLN 612.9 million.

Price remains the immediate signal

The 3.91 percent rise placed the Frankfurt euro quote above its October 19 close, while the Warsaw listing remained close to its 52-week low. The next scheduled results date and the lower Millennium target provide the two clearest dated markers for the stock.

11 bit studios was trading at EUR 27.39 at Lang & Schwarz on October 20, 2026 at 9:41 p.m. CEST, 3.91 percent above the Frankfurt close of October 19, 2026 at EUR 26.36. The further course of trading is shown by the continuously updated real-time quote of 11 bit studios stock.