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
€138.92
0.060%
The stock is an absolute favorite of our community with 38 Buy predictions and no Sell predictions.
With a target price of 170 € there is a positive potential of 22.37% for Take-Two Interactive compared to the current price of 138.92 €.
