Nintendo shares jump to record high

by Jason Dobson { Oct 3rd 2007 at 11:58AM }

Wall Street reacted favorably towards the House that Mario Built on Wednesday as Nintendo shares rose to a record high before closing up 2.7 percent at ¥64,800 ($555). The surge in stock price echoed Goldman Sachs' decision to cover Nintendo's stocks; the investment bank offered up a "buy" rating with a target share price of ¥71,000 ($609). In addition, and as if to brag, Nintendo raised its earnings expectations for the second time this business year to ¥370 billion, which amazingly is still well below analyst predictions of ¥415 billion.

Nintendo can thank the continuing success of its Wii and Nintendo DS platforms as the drivers behind its most recent success story, while Goldman Sachs lays equal praise at the company's 'talent in creating new markets,' noting that this could bring Nintendo's stock into alignment with that of Apple. Seems reasonable enough to us. Nintendo's product's already look the part, why not go all in?

Tags: Goldman Sachs, GoldmanSachs, nintendo, recordhigh, shares, stocks, yen

Reader Comments (Page 1 of 1)

Ted @ Oct 3rd 2007 12:10PM

Nintendo stocks cost $555 a share?? I thought they were more like $60...

mr nimblewick (SegaDF - Jogurt Ring) @ Oct 3rd 2007 12:20PM

Only $555?!?! Time to get in at the ground floor!

Crono (NDF - French Taunting from Holy Grail Ring) @ Oct 3rd 2007 2:19PM

The japanese shares are 555 dollars. The american shares are approaching 80.

Yeah, I'm not sure how that works either.

hvnlysoldr @ Oct 3rd 2007 3:25PM

What?! Alert me to buy Nintendo stocks as soon as its 599 US DOLLARS

NintendoFanbot @ Oct 3rd 2007 4:06PM

NTDOY is ADR, which only a fraction version of the Japanese stock. NTDOY is like the entry-level Nintendo stock. I wish I'd bought them when they were $7.

*cries*

ThornedVenom @ Oct 4th 2007 1:54AM

Before you know it, their shares will be over nine thousand. ;P

Poisoned Al @ Oct 3rd 2007 12:21PM

If you told me a few yeas ago that you should put all your money into Nintendo, I would have laughed in that persons face.

Of course that person would probably have a shiny new German car on their driveway by now, so they would get over my rudeness.

fawazr @ Oct 3rd 2007 12:23PM

if you invested 10k in Nintendo as the DS was launched, you'd be very rich right now.

Michael C. Sherrin @ Oct 3rd 2007 12:40PM

What happens to Nintendo stock when Mario Galaxy, Smash Bros., and Mario Kart. They might just conquer the world by default.

*******

Michael C. Sherrin
http://www.prodigeek.com/

FrankTheCrank @ Oct 3rd 2007 1:05PM

Nintendo is now the ultimate power in the Gaming Universe. Set your courses for Alderan.

Slaziman @ Oct 3rd 2007 1:18PM

Can we then stop the Apple-Nintendo merger rumor forever?

Jerk Face @ Oct 3rd 2007 1:55PM

Yes, please.

Crono (NDF - French Taunting from Holy Grail Ring) @ Oct 3rd 2007 2:20PM

No, we'll just reverse it. Nintendo is going to buy Apple now.

ThornedVenom @ Oct 4th 2007 1:55AM

Crono FTW

megaStryke @ Oct 3rd 2007 1:49PM

I want someone to do some fanart. Here's the theme: Evil Mario Monopoly.

My vision of this theme would be a brooding Mario sitting in an executive chair and wearing a rich black business suit with red shirt and blue tie. His head is angled slightly downward and he's got a sinister glean in his eye. In one hand he casually swirls a glass of a deep violet wine. Behind him is mountains upon mountains of cash, and on the wall is a company mantra along the lines of, "Now we're playing with power," or something corny like that.

I just wish I could CONVEY that on paper. Damn. Someone want to give it a go? Please?

Crono (NDF - French Taunting from Holy Grail Ring) @ Oct 3rd 2007 2:22PM

"My vision of this theme would be a brooding Mario..."

Wait, you're vision is mario laying eggs?

upz @ Oct 3rd 2007 2:27PM

I like it. But it needs something about printing money.

bm @ Oct 3rd 2007 6:23PM

If I was a more productive I would definitely have a go. Damn my laziness.

Koopaknight29 - (Nintendo Loyalist) @ Oct 3rd 2007 7:54PM

Hmm, an interesting idea, my friend. Should I have the time I may humor such a proposition, for 'free', of course.

(Seriously, give me some time and I whip something up. I'll tell you when it's done. It'll be given by e-mail most likely. I don't know how to host pictures online.)