Nintendo Shares Reach All-Time High

Shares of Kyoto-based game giant hit a record high today at 64,800 yen ($560) after being given a "buy" rating by analyst firm Goldman Sachs, Reuters reports. The analysts said Nintendo's financial situation could make its stock emulate the rise of Cupertino-based iPod maker Apple.

"We believe Nintendo's talent in creating new markets, evident from the launch of the DS and Wii, could bring it close to the level of Apple, whose high valuations are due in large part to its innovative business model," Goldman said, according to Reuters.

There's speculation Nintendo may raise its earnings forecast a second time for the current fiscal year, which may have helped drive demand for the stock. Last week, Nintendo became Japan's second-most-valuable active stock on the Tokyo Stock Exchange.