Capcom (CCOEF) stock was on the rise Monday after the video game developer announced the successful launch of its newest game, Pragmata. The game has proven itself to be a strong new IP for Capcom, with over one million units sold in just two days. Pragmata is a sci-fi third-person shooter that implements puzzle elements into its gameplay. It is focused on a man named Hugh who finds and helps an android girl named Diana while on a mission to the moon.
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It’s not just gamers who have reacted well to Pragmata’s release. Video game journalists have also largely praised the game. Pragmata has a Metacritic score of 86 out of 100, based on 93 critic reviews. User ratings on Metacritic are also largely positive, scoring the game at a nine out of 10, based on 600 ratings.
While there has been some controversy surrounding the design of Diana, as well as the relationship between her and Hugh, the sales data and online reviews show that these are minor issues, and don’t reflect the majority of gamers’ feelings about Pragmata.
Capcom Stock Movement Today
Capcom stock was up 3.29% on Monday, extending a 1.08% year-to-date rally. Even so, the shares have fallen 22.97% over the past 12 months.
Capcom’s (CCOEY) other stock also performed well, with the shares up 2.11% today. The stock has also increased 1.71% year-to-date but was down 16.1% over the past 12 months. CCOEY’s trading volume today was also nearly double its three-month average.
Is Capcom Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Capcom is Strong Buy, based on three Buy ratings over the past three months. With that comes an average CCOEF stock price target of $29.08, representing a potential 32.18% upside for the shares.
