Bernstein SocGen Group adjusted its outlook on CapCom Co Ltd. (9697:JP) (OTC: CCOEY), raising the price target to JPY3,900 from JPY3,500 while sustaining an Outperform rating on the stock. The adjustment follows the company's recent announcements and performance in the gaming industry.
The firm's decision comes in light of CapCom's latest game, which has seen a significant reception, topping the sales chart on Steam and securing the second position on Famitsu's Most Wanted chart in Japan. The game's success is anticipated to contribute substantially to catalog sales for the fiscal year ending March 2026 and beyond.
Additionally, the firm noted the positive reception of CapCom's remastered versions of Dead Rising and Marvel vs. Capcom. The latter is especially seen as having the potential to become a sleeper hit. These titles are expected to bolster the company's near-term financial performance.
These include an expansion for Monster Hunter Wilds and the early stages of anticipation for Resident Evil 9. The analyst's commentary highlights the potential for these releases to drive the company's growth in the coming years.
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