Can Super Mario Save Nintendo Stock, Again?
Investing in (OTC: NTDOY) has been more Rainbow Bridge than Rainbow Road these days. Shares of the Japanese gaming giant have plummeted 43% since hitting an all-time high last summer. A surge in memory prices, along with lukewarm sales for the new Switch 2 console that hit the market last year, have weighed on the video game pioneer.
Thankfully, a new catalyst is being projected on the silver screen this week. The Super Mario Galaxy Movie premiered on Wednesday, giving Nintendo a great opportunity to reignite consumer excitement for the franchise. Another blockbuster would also generate a healthy infusion of incremental revenue for Nintendo and its studio partner Comcast (NASDAQ: CMCSA).
Image source: Getty Images.
Source Fool.com
Nintendo Co. Ltd Stock
€39.00
2.310%
Our community is currently high on Nintendo Co. Ltd with 3 Buy predictions and 0 Sell predictions.
With a target price of 52 € there is a positive potential of 33.33% for Nintendo Co. Ltd compared to the current price of 39.0 €.
