- 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
The
stock's
decline was hastened by Wall Street analysts downgrades in mid-September, due to concerns over the outlook for Sony's over major electronics operations, including its flat TV,
mobile phone and digital camera businesses.