Shunki Nakamura, an analyst from Jefferies, maintained the Buy rating on BANDAI NAMCO Holdings (NCBDF – Research Report). The associated price target remains the same with Yen6,060.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Shunki Nakamura has given his Buy rating due to a combination of factors that highlight Bandai Namco Holdings’ strategic moves and potential for growth. The announcement of a collaboration with A24 to produce a live-action film based on the popular ELDEN RING game is a significant development. This partnership not only showcases Bandai Namco’s commitment to expanding its intellectual property but also strengthens its position in the entertainment industry.
Furthermore, the involvement in the ELDEN RING film project alleviates market concerns regarding Bandai Namco’s role in the game’s publishing, especially with KADOKAWA’s intentions to expand its in-house publishing capabilities. The film project indicates a continued collaboration between Bandai Namco and KADOKAWA, which could lead to further opportunities and revenue streams. These strategic initiatives suggest a positive outlook for Bandai Namco, supporting Nakamura’s Buy rating.
In another report released yesterday, Macquarie also upgraded the stock to a Buy with a Yen5,200.00 price target.