Monster Hunter Wilds reviews are out and reception to the game is giving developer Capcom’s (CCOEY) (CCOEF) stock a boost today. Reviews are incredibly positive with the video game earning Metacritic scores of 90 on Sony’s (SONY) PlayStation 5, 86 on Microsoft’s (MSFT) Xbox Series X, and 88 on PC. These are out of a possible 100.
That’s great news for CCOEY stock and will hopefully translate to large sale numbers when Monster Hunter Wilds is released on Friday. Monster Hunter is a long-running series for Capcom with its original release on the PlayStation 2 in 2004. Since then, the video game developer has released over 30 games in the series, including spinoffs.
While Monster Hunter maintained a dedicated fanbase in the U.S., it was nowhere close to the size of the Japanese community. Capcom has worked hard to expand interest in the series outside its home country and struck gold with Monster Hunter World in 2018. That game has sold 20.9 million units while its Iceborne expansion sold another 14 million copies. For comparison, no other entry before Monster Hunter World sold more than 5 million units.
Capcom Stock Hits a New All-Time High
The growing interest in the Monster Hunter series has blessed Capcom stock. With today’s Monster Hunter Wilds reviews, CCOEY shares are up 1.41%, boosting the stock to a new all-time high while building on a 23.44% increase year-to-date and a 38.6% rally over the past 52 weeks.
Is Capcom Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Capcom is Strong Buy based on four Buy ratings over the last three months. With that comes an average price target of $27.69, a high of $30.82, and a low of $24.79. This represents a potential 13.82% upside for CCOEF stock.
