Atul Goyal, an analyst from Jefferies, maintained the Buy rating on Nintendo Co (NTDOF – Research Report). The associated price target remains the same with Yen15,580.00.
Atul Goyal has given his Buy rating due to a combination of factors that highlight Nintendo’s potential for growth and strategic positioning. He notes that Nintendo’s guidance for the fiscal year 2026 is conservative, yet it indicates a significant increase in revenue and operating profit compared to the previous year. This conservative guidance aligns with historical patterns where Nintendo has often exceeded its initial forecasts, suggesting potential for a beat-and-raise cycle.
Furthermore, Goyal considers several contextual factors, such as past performance comparisons, operating margin expectations, and the exclusion of software bundles from guidance. He also takes into account external factors like the assumed continuation of US tariffs. These elements collectively suggest that any potential dips in stock price could present a buying opportunity, reinforcing the Buy rating.
According to TipRanks, Goyal is a 5-star analyst with an average return of 15.2% and a 69.43% success rate. Goyal covers the Communication Services sector, focusing on stocks such as Nintendo Co, SoftBank Group, and Capcom Co.
In another report released on May 2, Citi also initiated coverage with a Buy rating on the stock with a Yen14,000.00 price target.