Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

JPMorgan: Nintendo console to benefit from low expectations

Published 11/11/2016, 03:09 PM
JPMorgan: Nintendo console to benefit from low expectations
JPM
-
7974
-
  • Nintendo (OTCPK:NTDOY -1.3%) should benefit from what are still low expectations for its new Switch hybrid console, JPMorgan (NYSE:JPM) says in a new note.
  • With more details expected Jan. 13, neither the pricing nor the title lineup will disappoint, says analyst Haruka Mori. The new console is key to the company's medium-term potential, Mori writes.
  • Hands-on promotional events will help as they show off the new user experience, vs. the short teaser video unveiled in October. Mori also sees close links between the new console and the upcoming mobile game Super Mario Run.
  • The firm revised its forecasts based on new information and new contacts, and boosted its price target to ¥30,000 from ¥28,000, nearly 25% upside. Shares closed at ¥24,100 Friday in Tokyo.
  • Nintendo is ceasing sales of its Wii U in Japan "soon," working to shift users to the new Switch
  • Previously: Nintendo Switch part of bigger hardware plans (Oct. 27 2016)
  • Previously: Jefferies: Nintendo Switch an important software showcase (Oct. 20 2016)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.