Investors Are Underestimating the Impact of Nintendo's Latest Blockbuster Game
The center of the entertainment world has been in Kyoto, Japan, for the past few months. After releasing what could end up being the highest-grossing animated film ever, (OTC: NTDOY) just followed up the Super Mario Movie with a record-breaking new Zelda game. Called Zelda: Tears of the Kingdom, the latest iteration in the long-running franchise is officially one of the top-rated games ever, and is all but guaranteed to be one of the top-selling Nintendo titles ever.
Here's the scoop on Nintendo's blockbuster title and how it could impact the business financially.
After game-reviewer Metacritic gave it an aggregated rating of 95, expectations were extremely high for Tears of the Kingdom. But I don't think even the most bullish analyst expected the results we saw over the past few weeks. According to Nintendo, the game sold over 10 million units within three days after its launch, even with a premium price point of $70.
Source Fool.com
Nintendo Co. Ltd Stock
Currently there is a rather positive sentiment for Nintendo Co. Ltd with 3 Buy predictions and 0 Sell predictions.
As a result the target price of 72 € shows a positive potential of 44.67% compared to the current price of 49.77 € for Nintendo Co. Ltd.
