NTDOY - Why Nintendo Stock Was a Winner Today
2024-02-26 18:36:15 ET
Veteran player in the video game arena Nintendo (OTC: NTDOY) scored a few points on the stock exchange Monday. The Japan-based company saw its U.S.-listed shares rise by 2% following an analyst's reiteration of his buy recommendation on the stock.
That bump was more than good enough to top the performance of the weakening S&P 500 index, which decreased by 0.4% on the day.
Before the U.S. stock markets opened, Bernstein 's Robin Zhu once again tagged Nintendo as an outperform (buy, in other words) at a price target of 9,500 yen ($63.11) per share. The video game company's most recent closing share price on its native exchange was 8,549 ($56.79), for a potential 11% upside.
For further details see:
Why Nintendo Stock Was a Winner Today