Wired Game|Life writes:
Investment banking firm Goldman Sachs began covering Nintendo today with a "buy" rating, saying that the company's "innovative business model... could bring it close to the level of Apple" in terms of stock valuation.
Investors quickly started buying, bringing Nintendo's stock to an all-time high of 64,800 yen. Goldman Sachs' target price is 71,000 yen, so expect even more records to be set in the next little while.
The news comes via Game|Life's official favorite analyst blog, Information Arbitrage, which goes a bit deeper today on the similarities between Nintendo's and Apple's business models. "Vertical integration" is the word of the day.