Shares grow by 3.2 per cent, now double what they were 12 months ago.
As both the Wii and DS continue to outperform the market in every global territory, Japan’s JPMorgan Securities yesterday upped its forecasts for the company – paving the way for a 3.2 per cent surge in Nintendo’s sale price.
Next Generation reports that JPMorgan analyst Eiji Maeda expects Nintendo’s share price to jump a further 15 per cent by this time next year, stating: “We expect operating profit growth to remain strong over the medium term.”
Nintendo recently announced sales for the financial year ending March 31st of $8.1 billion, causing it to raise its annual earnings estimate for the fourth time.
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