Analyst says Nintendo is the "cheapest game stock in the world," predicts big value ahead

The following comes from Jefferies analyst Atul Goyal...

- Nintendo is the "cheapest game stock in the world"
- Nintendo has a ¥6.43 trillion ($58.7 billion) market cap and is trading at ¥46,370 a share ($424.15
- Nintendo posted 2018 fiscal year results which included 2018 Q3 operating profit of ¥178 billion
- this beat the consensus of ¥169 billion by 67%
- Nintendo issued a conservative operating profit guidance and the stock declined 2% Thursday
- Goyal maintains his 12-month price target of ¥79,900, which exceeds the average analyst price target of ¥59582
- Goyal believes value could more than triple in 2 years, driven by Switch, digital titles, and mobile games
- if Pokemon Switch hits this fiscal year, final Switch shipments for FY3/19e could well exceed co-guidance of 20m

Thanks to Autumnalblake for the heads up!



from GoNintendo