Analyst Expects Monster Hunter Announcement at Tokyo Game Show
Mizuho raises Capcom's target stock price based off possibility of major announcements.
NS Journal reports today that Mizuho Securities is maintaining an "outperform" outlook on Capcom's share price. Mizuho expects two developments to lead to favorable outcomes for Capcom shareholders:
1. Capcom will kick off an SNS game based off Snoopy this Fall
2. It is expected that Capcom will announce new entries in major series like Monster Hunter at the Tokyo Game Show.
As a result of these possible developments, Mizuho has raised its target stock price for Capcom from ¥2,200 to ¥2,600.
It's not fully clear if Mizuho has learned of a specific Monster Hunter announcement, or if they're just saying that major titles like Monster Hunter will be announced. TGS is just a couple of weeks away, so we should find out soon enough!