3 Signs That the Switch Console Will Push Nintendo Stock Higher
Nintendo (NASDAQOTH: NTDOY) is on the comeback trail, and its outlook is more promising than at any point in the last five years. The company is finding success by branching into new business segments, with its mobile and licensing businesses increasing 450% year over year to account for roughly 6% of revenue last quarter. That's a laudable contribution for a pair of relatively new ventures, but Nintendo's console video game hardware and software sales will remain the most important performance drivers for the foreseeable future.
Luckily for the Japanese gaming giant, its recently released Switch console is off to a great start.
Image source: Nintendo.
Source: Fool.com
Take-Two Interactive Stock
€152.68
1.680%
With 35 Buy predictions and not a single Sell prediction Take-Two Interactive is an absolute favorite of our community.
As a result the target price of 168 € shows a slightly positive potential of 10.03% compared to the current price of 152.68 € for Take-Two Interactive.
