Nintendo Switch

Jefferies Analyst: Nintendo Is The “Cheapest Game Stock In The World”

Business Insider recently published a report from Jefferies analyst Atul Goyal. Goyal wrote in his report that Nintendo currently has the cheapest video game stock in the world, but he doesn’t expect that to last long. Here’s what he had to say on the matter:

“Nintendo is the “cheapest game stock in the world,” Jefferies analyst Atul Goyal wrote in a note.  The company has a ¥6.43 trillion ($58.7 billion) market cap and is trading at ¥46,370 a share ($424.15).”

“We believe OP could more than triple in 2 years, driven by cyclical (Switch) and structural (digital adoption for console games; mobile game revenues) factors,” he wrote.

“We are as excited for Nintendo’s future as we were for Sony’s future back in 2014 when we found that Mr. Yoshida had taken over as CFO for Sony,” Goyal wrote.

Source

Advertisements

10 comments

    1. I heard Nintendo pulled out of Brazil due to high running costs.
      At least you guys are better than Nigeria… We hardly get anything… I was at the game store yesterday and the dealer didn’t even know what a Switch was.

      Like

      1. Because of their goverment. They tax the living shit out of anything that is imported. Ninty/Sony/Ms have to add that cost to the regular price, which is why the consoles and games are so expensive over there.

        Like

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s