Citi initiated coverage of Nintendo (NTDOY) with a Buy rating and 14,000 yen price target In this risk environment, three factors will drive Nintendo’s profit growth: the release of the Switch 2, the company releasing a lower-priced version, and Nintendo’s extensive software lineup, the analyst tells investors in a research note.
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Read More on NTDOY:
- Game On: U.S. video game spending falls 6% in March, says Circana
- Nintendo’s Promising Future: Buy Rating Backed by Switch 2 Launch and Strategic Partnerships
- Bandai Namco’s ‘Elden Ring’ surpasses 30M players
- Analyst sees Nintendo Switch 2 selling 6.6M pre-orders, Bloomberg says
- U.S. video game spending fell 6% y/y in March, says Circana
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