Shunki Nakamura, an analyst from Jefferies, maintained the Hold rating on DeNA Co (DNACF – Research Report). The associated price target was lowered to Yen2,570.00.
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Shunki Nakamura’s rating is based on several factors influencing DeNA Co’s current market position. The initial excitement surrounding the Pokémon TCG Pocket has stabilized, prompting a revision in the price target from ¥4,080 to ¥2,570. This adjustment reflects a more cautious outlook as the initial momentum has normalized.
Despite potential short-term gains from possible stock buybacks or outperforming first-quarter expectations, there are ongoing structural challenges that limit significant upward movement. The valuation has been shifted to focus on the fiscal year ending March 2027 earnings per share, excluding profits from Pokémon TCG Pocket, which are assessed separately through a simplified discounted cash flow model. These considerations collectively justify the Hold rating, indicating a balanced view of risks and opportunities ahead.
According to TipRanks, Nakamura is a 2-star analyst with an average return of 4.9% and a 50.00% success rate. Nakamura covers the Communication Services sector, focusing on stocks such as DeNA Co, Toei Animation Co., Ltd., and Kadokawa Corporation.