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On Thursday, Jefferies analysts raised the price target for Capcom Co Ltd . (TYO:9697:JP) (OTC:CCOEY) stock to ¥5,100 from ¥4,230, while maintaining a Buy rating. The analysts highlighted several factors contributing to this decision, including anticipated benefits from upcoming game releases and potential updates on existing franchises.
The analysts noted the expected positive impact of "MH Wilds" starting from the fiscal year ending March 2026, with benefits projected to last for over two years. They also pointed to the potential for high-margin catalog sales from "MH Wilds," which has already sold 10 million units.
Additionally, Jefferies analysts are looking forward to any announcements regarding the launch date of "Resident Evil 9." The anticipation of this release is seen as a potential driver for Capcom’s future performance.
The analysts also mentioned the possibility of new titles and ports for the anticipated Switch 2 console, which could further enhance Capcom’s market position. The price target increase reflects a valuation of 30 times the estimated earnings per share for the fiscal year ending March 2027.
Jefferies reiterated its Buy rating for Capcom, citing multi-year earnings drivers and forecasted margin leadership among its peers as key factors for their positive outlook.
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