Jefferies analyst Atul Goyal maintained a Buy rating on Nintendo Co today and set a price target of Yen20,840.00.
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Atul Goyal has given his Buy rating due to a combination of factors including Nintendo’s strong performance in software and digital growth, as well as the successful launch of the NS2. Despite experiencing some share price fluctuations, these were attributed to broader market trends rather than any fundamental issues with the company itself.
Goyal notes that the company’s record-breaking performance in recent quarters and the revised guidance further support the positive outlook. The comparison with peers indicates that the sector has been used as a source of funds, but Nintendo’s underlying trends remain strong, justifying the Buy recommendation.