Deutsche picks this video game maker as its top buy idea, sees 60% gain

A statue of Nintendo's video game character Mario stands on display at the Nintendo Game Front showroom in Tokyo, Japan.
Kiyoshi Ota | Bloomberg | Getty Images

Deutsche Bank named Japanese video game maker Nintendo its top pick, saying its valuation is "compelling."

"We are recommending Nintendo as our top Buy idea within our coverage universe. We believe the Buy Nintendo thesis is now an out-of-consensus call on the stock," the bank's analyst Han Joon Kim said in a note on Wednesday.