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Nintendo numbers, Uber upsets and Facebook finance
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This week, tech analyst Stuart Miles looks at whether Nintendo stock is set to soar even further after news of the company bringing Super Mario to smartphones sent shares on a two-day rally.
Nintendo stock rose 21% on Wednesday and another 12% on Thursday after the company announced it is finally looking to develop smart phone apps. The news prompted several analysts to raise their target price for Nintendo stock, with Jefferies Group saying the stock currently trading at around JPY 19,100 could soar to JPY 70,000.
Stuart, who founded pocket-lint.com, also looks at whether Uber’s many legal challenges will deter investors from putting money in start-ups. This week, French police raided the Paris offices of the car-sharing service, which has been valued at USD 40 billion.
Finally, Stuart looks at how Facebook is set to disrupt banking after news reports that the social media platform will start to allow users in Europe to transfer and store money.