Jefferies analyst Atul Goyal has maintained their bullish stance on CCOEF stock, giving a Buy rating on May 30.
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Atul Goyal has given his Buy rating due to a combination of factors that enhance Capcom Co.’s financial outlook. The confirmation of Resident Evil 9, announced at the Summer Game Fest, is a significant development. This announcement not only eliminates uncertainties surrounding the fiscal year ending March 2027 but also improves the company’s revenue and profit margin visibility.
With Resident Evil 9 following the release of Monster Hunter Wilds, Capcom’s reputation for delivering high-quality AAA titles is further cemented. This strengthens investor sentiment and positively impacts the company’s valuation, leading to a Buy recommendation with a price target of ¥5,100.
Goyal covers the Communication Services sector, focusing on stocks such as Nintendo Co, Capcom Co, and KONAMI HOLDINGS. According to TipRanks, Goyal has an average return of 14.8% and a 69.64% success rate on recommended stocks.
In another report released on May 30, CLSA also maintained a Buy rating on the stock with a Yen4,600.00 price target.