NTDOY
📈 Nintendo shares jumped 5% following an upgrade from Goldman Sachs, marking the biggest rise in over seven months.
🎮 Goldman Sachs initiated coverage with a ‘BUY’ rating and a 13,600 yen price target, implying ~26% upside, anticipating the Switch 2 console launch.
🚀 The upcoming Switch 2, expected to be unveiled around April 2nd, is projected to drive active user growth to new highs by reactivating dormant users and hardware.
@bernardodegarcia:
“We move to Nintendo shares; the Japan market is already closed. It’s a rather elusive market, especially if you live in Spain, because when you wake up, it’s probably already closed, and just before you go to bed or go to sleep is when it opens, or you fall asleep, and at 1 in the morning, I think, is when it opens. But well, you can always leave orders to be executed at limit prices. We have Nintendo shares jumping 5%, their biggest rise in more than 7 months, after Goldman Sachs announced it expects the upcoming launch of its Switch 2 console to boost active user growth to new highs. The US bank reiterated its coverage of the Japanese video game maker with a buy recommendation and a 12-month price target of 13,600 yen, representing approximately a 20% increase compared to current figures; it would be 26%, 25-26% compared to yesterday’s close. Nintendo rose more than 6% in the morning in Tokyo to close at 5.25%. The Switch 2, whose presentation is scheduled for April 2nd, that is, next week, should help Nintendo unlock hardware and inactive users, boosting the growth of active consoles to new highs, wrote the analysts at Goldman Sachs, as we mentioned.”
Watch the exact part of the video where @bernardodegarcia talks about Nintendo here:
Watch the video on YouTube
Read more articles analyzing Nintendo (NTDOY) at the following link. NTDOY stock.
