{"id":18735,"date":"2018-04-28T09:00:00","date_gmt":"2018-04-28T09:00:00","guid":{"rendered":"http:\/\/www.nintendolife.com\/news\/2018\/04\/nintendo_is_the_cheapest_game_stock_in_the_world_n_but_not_for_long"},"modified":"2018-04-28T09:00:00","modified_gmt":"2018-04-28T09:00:00","slug":"nintendo-is-the-cheapest-game-stock-in-the-world-but-not-for-long","status":"publish","type":"post","link":"https:\/\/sickgaming.net\/blog\/2018\/04\/28\/nintendo-is-the-cheapest-game-stock-in-the-world-but-not-for-long\/","title":{"rendered":"Nintendo Is The &#8220;Cheapest Game Stock In The World&#8221; \u2013 But Not For Long"},"content":{"rendered":"<div class=\"media_block\"><a href=\"http:\/\/images.nintendolife.com\/news\/2018\/04\/nintendo_is_the_cheapest_game_stock_in_the_world_n_but_not_for_long\/large.jpg\"><img decoding=\"async\" src=\"http:\/\/images.nintendolife.com\/news\/2018\/04\/nintendo_is_the_cheapest_game_stock_in_the_world_n_but_not_for_long\/small.jpg\" class=\"media_thumbnail\"><\/a><\/div>\n<aside class=\"picture embed centered picture-900x img-900x\">\n<div class=\"img\"><a title=\"Riding high...\" href=\"http:\/\/images.nintendolife.com\/news\/2018\/04\/nintendo_is_the_cheapest_game_stock_in_the_world_n_but_not_for_long\/attachment\/0\/large.jpg\"><img decoding=\"async\" src=\"http:\/\/images.nintendolife.com\/news\/2018\/04\/nintendo_is_the_cheapest_game_stock_in_the_world_n_but_not_for_long\/attachment\/0\/900x.jpg\" alt=\"Riding high...\" \/><\/a><\/div>\n<\/aside>\n<p>On Thursday, Nintendo posted their financial results for the fiscal year ending in March 2018 \u2013 predictably outlining the Switch\u2019s phenomenal performance, which resulted in an over 500% increase in profits for the videogame giant.<\/p>\n<p>However, Nintendo was conservative with its operating profit guidance, estimating that its OP will increase by just 26.7 percent from the year prior.\u00a0<\/p>\n<p>While this would achieve Nintendo\u2019s highest profit since the fiscal year end in March 2010, it misses analyst estimates by about \u00a583.7 billion \u2013 resulting in a slight decline in Nintendo\u2019s stock on Thursday.<\/p>\n<p>However, Jefferies analyst Atul Goyal sees a far more positive outlook for the Godfather of gaming. He believes NTDOY\u2019s 12-month price target will hit \u00a579,900 &#8211; far beyond the average analyst price target of \u00a559,582<em>.<\/em><\/p>\n<p>Goyal believes the \u201cOP could more than triple in 2 years\u201d \u2013 due to the Switch\u2019s success, growing digital adoption of console games, and the mobile game revenue Nintendo has recently seen.<\/p>\n<p>And for those still doubting <a href=\"http:\/\/www.nintendolife.com\/news\/2018\/04\/nintendos_mobile_ip_have_brought_in_a_massive_39_3_billion_yen\">Nintendo\u2019s mobile IP<\/a>: they brought in \u00a539.3 billion in sales \u2013 an increase of 62% year-over-year. That\u2019s no small chunk of change.<\/p>\n<p>All things considered, now could be a solid time to play the Nintendo stock game. Goyal believes it\u2019s the &#8220;cheapest game stock in the world\u201d today \u2013 but that it won\u2019t be this way for long.<\/p>\n<p>Buy low and sell high, friends!<\/p>\n<p><em>Do you think Nintendo will be able to maintain its strong performance, or will the bubble eventually burst? Share your predictions with us below&#8230;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Thursday, Nintendo posted their financial results for the fiscal year ending in March 2018 \u2013 predictably outlining the Switch\u2019s phenomenal performance, which resulted in an over 500% increase in profits for the videogame giant. However, Nintendo was conservative with its operating profit guidance, estimating that its OP will increase by just 26.7 percent from [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[],"class_list":["post-18735","post","type-post","status-publish","format-standard","hentry","category-nintendo-news"],"_links":{"self":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/18735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/comments?post=18735"}],"version-history":[{"count":0,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/18735\/revisions"}],"wp:attachment":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media?parent=18735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/categories?post=18735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/tags?post=18735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}