Why Nintendo Stock Flew Higher on Friday
The initiating party was one of the "big four" American banks -- JPMorgan Chase. Before market open, the bank's analyst Junko Yamamura kicked off coverage of Nintendo's Japan-listed stock with an overweight -- buy, in other words -- recommendation at a price target of 11,600 yen ($74.21) per share. Following Nintendo's reveal, several analysts became more bullish about the company's prospects, not least due to anticipated Switch 2 sales.