Gameing

Now may be good time for Nintendo play

Now may be good time for Nintendo play

Nintendo
Nintendo

Nintendo’s (7974.OS) ADRs are trading at less than half their peak, now it is a good time to pay attention to the company.

And given its earnings growth expectations, Barron’s wrote this in its January 31 weekly publication.

The company’s earnings should climb 56 percent this year. and another 26 percent the following year, Macquarie Securities analyst David Gibson told Barron’s.

That makes the stock look like a steal, Barron’s wrote, saying that Gibbons expects the Tokyo-traded shares to rise 26 percent to $350. The ADR represents 0.125 shares.

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