In a report released today, Atul Goyal from Jefferies maintained a Buy rating on Capcom Co (CCOEF – Research Report), with a price target of Yen4,230.00.
Atul Goyal has given his Buy rating due to a combination of factors including the impressive sales performance of Capcom’s latest release, MH Wilds, which achieved a record 8 million units sold over the weekend. This performance surpasses the previous record set by MH World in 2018, which sold 5 million units. Despite a slight decline in stock price following this announcement, Goyal perceives this as a ‘sell the event’ reaction rather than a reflection of the company’s potential.
Goyal anticipates continued earnings growth for Capcom, reinforcing his Buy recommendation. The expectation of future financial performance, coupled with the strong launch of MH Wilds, suggests a positive outlook for the company’s stock, making it an attractive investment opportunity.
In another report released on February 21, J.P. Morgan also maintained a Buy rating on the stock with a Yen4,600.00 price target.