{"id":36405,"date":"2018-07-29T03:00:00","date_gmt":"2018-07-29T03:00:00","guid":{"rendered":"http:\/\/www.nintendolife.com\/news\/2018\/07\/wall_street_analyst_warns_of_slowing_nintendo_switch_sales"},"modified":"2018-07-29T03:00:00","modified_gmt":"2018-07-29T03:00:00","slug":"wall-street-analyst-warns-of-slowing-nintendo-switch-sales","status":"publish","type":"post","link":"https:\/\/sickgaming.net\/blog\/2018\/07\/29\/wall-street-analyst-warns-of-slowing-nintendo-switch-sales\/","title":{"rendered":"Wall Street Analyst Warns Of Slowing Nintendo Switch Sales"},"content":{"rendered":"<div class=\"media_block\"><a href=\"http:\/\/images.nintendolife.com\/news\/2018\/07\/wall_street_analyst_warns_of_slowing_nintendo_switch_sales\/large.jpg\"><img decoding=\"async\" src=\"http:\/\/images.nintendolife.com\/news\/2018\/07\/wall_street_analyst_warns_of_slowing_nintendo_switch_sales\/small.jpg\" class=\"media_thumbnail\"><\/a><\/div>\n<aside class=\"picture embed centered picture-900x img-900x\">\n<div class=\"img\"><a title=\"Nintendo Switch Table Top.jpg\" href=\"http:\/\/images.nintendolife.com\/news\/2018\/07\/wall_street_analyst_warns_of_slowing_nintendo_switch_sales\/attachment\/0\/large.jpg\"><img decoding=\"async\" src=\"http:\/\/images.nintendolife.com\/news\/2018\/07\/wall_street_analyst_warns_of_slowing_nintendo_switch_sales\/attachment\/0\/900x.jpg\" alt=\"Nintendo Switch Table Top.jpg\" \/><\/a><\/div>\n<\/aside>\n<p>Reports about the success of the Switch continue to appear on a daily basis, but one Wall Street Nintendo analyst has warned sales could begin to slow for the Japanese company. Jefferies analyst, Atul Goyal, has cut his forecast for Nintendo&#8217;s stock price by more than 10 percent, from a target of\u00a0\u00a571,200 ($640.45) down to\u00a0\u00a564,200 ($577.48).<\/p>\n<p>Nintendo&#8217;s stock has lost more than 12 percent in 2018 and currently sits at around \u00a538,000 ($341.83). While it has begun to recover &#8211; with a four percent increase in June &#8211; it would still need a 69 percent increase to reach Goyal&#8217;s lower target.<\/p>\n<p>The analyst said the current market expectations reflected in the stock price, had gone from robust growth to no-growth within a period of three months. Although he remained optimistic about this year and next year, he stated how it could still go either way:<\/p>\n<blockquote>\n<p>Given the sustained selling pressure, perhaps the short-term market is right about Nintendo (for a change) and perhaps it doesn\u2019t grow in hardware sales.<\/p>\n<\/blockquote>\n<p>Despite the current belief the success of the Switch is based on ex-growth, Goyal noted how no other company had experienced growth and trading at such low multiples:\u00a0<\/p>\n<blockquote>\n<p>Nintendo Switch has only 1 year in the bag and 4-5 years more to go, with benefits from cycle\u00a0and structural (digital) upside. Mobile, China, Online are some other potentially large drivers.<\/p>\n<\/blockquote>\n<p>Back in April, he also said Nintendo had the cheapest game stock in the world, following its <a class=\"external\" href=\"http:\/\/www.nintendolife.com\/news\/2018\/01\/nintendo_releases_stunning_third_quarter_financial_results_confirms_switch_sales_have_overtaken_wii_u\">third-quarter results<\/a>.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reports about the success of the Switch continue to appear on a daily basis, but one Wall Street Nintendo analyst has warned sales could begin to slow for the Japanese company. Jefferies analyst, Atul Goyal, has cut his forecast for Nintendo&#8217;s stock price by more than 10 percent, from a target of\u00a0\u00a571,200 ($640.45) down to\u00a0\u00a564,200 [&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-36405","post","type-post","status-publish","format-standard","hentry","category-nintendo-news"],"_links":{"self":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/36405","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=36405"}],"version-history":[{"count":0,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/36405\/revisions"}],"wp:attachment":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media?parent=36405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/categories?post=36405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/tags?post=36405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}