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One of the biggest Nintendo bull’s on Wall Street says shares could soar 80% even if Switch sales are flat
Jefferies, one of the biggest Nintendo bull’s on Wall Street, says shares of the Japanese game maker could soar 80% to ¥65,100 ($73.46) even if Switch sales are flat.
Jefferies' price target for the Japanese video game company is almost double current prices.
Timing will be important for their launches, but Nintendo has nailed announcements recently.
Nintendo reported an earnings beat on Tuesday thanks to an explosive performance of Switch sales.
The Nintendo Switch was the hottest product on Black Friday and Cyber Monday — and it wasn’t even on sale
Switch was the hottest online product on Black Friday and Cyber Monday without even being on sale, Jefferies finds.
Nintendo's newest app reached 15 million downloads in its first week of availability. Investors will be watching its monetization strategy.
The company plans to increase its "synergies" between mobile and console games.
Nintendo's Switch is flying off the shelves, and two new games for the console are evidence of the Switch's popularity.
The Switch console from Nintendo is selling like crazy and crushing sales records of its rivals. The company's stock price is rising along with its sales.
Nintendo's newest console is sold out everywhere, making gamers sad, but investors happy.