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Nintendo Co. Ltd. Message Board

  • manicdevlin manicdevlin Jan 5, 2008 9:18 AM Flag

    Analysts upgrade Nintendo to STRONG BUY/PRICE TARGET UPPED

    "Wii Are the Champions

    Though Nintendo (OTC: NTDOY.PK) still currently trades in pink slips, its hugely popular video game console -- Wii -- was one of the top retail industry success stories of holiday season 2007. As a result, Nintendo's Zacks Rank has risen from a #2 (Buy) to a #1 (Strong Buy). Ahead of this year's Consumer Electronics Show, brokers have been continually positive on the Japanese gamer.

    Nintendo, Ltd. is the acknowledged worldwide leader in the creation of interactive entertainment. Nintendo has created such industry icons as Mario and Donkey Kong and launched franchises like The Legend of Zelda and Pokemon. Nintendo manufactures and markets hardware and software for its popular home video game systems, including Wii and Game Boy."

    "Wii Are the World

    Last year, Nintendo (NTDOF) stock shot up 125%, thanks in part to its Wii game console that pulls in women and seniors with modules ranging from cooking to golf. Rivals focus on males 10 to 30. "Wii was a huge success, but there is still a long way to go," says Juliet Cohn, who has put 1% of the $2 billion Principal Diversified International Fund into the stock. It trades in Tokyo and as an ADR over the counter. Cohn sees a 22% earnings jump in 2008, up from 2007's projected $13.63 a share. Nintendo's new Super Smash Bros. Brawl appears on Feb. 10. "You are going to see unprecedented sales through March—very, very profitable," says Michael Pachter of investment bank Wedbush Morgan. Pachter's price target: 710, up from the current 593.11. A bonus: Nintendo's 1.9% dividend."

29.58+0.49(+1.68%)Oct 25 3:59 PMEDT