Benchmark sees ‘unique opportunity’ in Nintendo, starts with a Buy

As previously reported, Benchmark initiated coverage of Nintendo with a Buy rating and 7,175 yen price target. The firm believes Nintendo offers investors “a unique and compelling long term growth opportunity,” with strengths that include global brand recognition, robust intellectual property in its game portfolio, an expanding market opportunity in mobile gaming, and potential for new revenue streams through product innovation and IP expansion, the analyst said.