Analyst Atul Goyal of Jefferies maintained a Buy rating on Nintendo Co (NTDOF – Research Report), retaining the price target of Yen15,440.00.
Atul Goyal has given his Buy rating due to a combination of factors including the upcoming release of the Switch 2, which is expected to drive significant consumer interest. The new console is priced competitively and comes with hardware improvements that enhance the gaming experience.
Additionally, the exclusivity of popular titles like Mariokart and a robust lineup of first-party and third-party games, such as Zelda and FromSoftware titles, are anticipated to attract a wide audience. The substantial installed base of 150 million users provides a strong foundation for potential earnings growth, reinforcing the positive outlook for Nintendo’s stock.
Goyal covers the Communication Services sector, focusing on stocks such as Nintendo Co, Capcom Co, and NEXON Co. According to TipRanks, Goyal has an average return of 9.9% and a 64.52% success rate on recommended stocks.
In another report released on March 25, Goldman Sachs also initiated coverage with a Buy rating on the stock with a Yen13,600.00 price target.