Nintendo Switch 2 Preorder Cancellations & Launch Day Sales Details
Nintendo (NTDOF) Switch 2 preorders are reportedly being canceled ahead of the video game console's launch on June 5. With only a week left before the release of the Switch 2, gamers have taken to Reddit to complain about their preorders being canceled.
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Users on Reddit largely appear to be dealing with preorders being canceled by Walmart (WMT). This could be a sign that the retailer offered too many Switch 2 preorders or isn't getting as many units as it expected.
Demand for the Switch 2 has been high, with preorders selling out almost as soon as they are announced. Nintendo wants to meet this demand and has increased production to do so. The company has estimated it could produce as many as 20 million Switch 2 units in its first year on the market.
Where to Buy the Nintendo Switch 2
Gamers who have had their Nintendo Switch 2 preorders canceled can still try to buy the handheld/home console hybrid on launch day. Several retailers will conduct special release day events for the gaming device.
Best Buy (BBY) intends to hold midnight launch events at the majority of its stores and will also allow customers with preorders to pick up their units at that time.
Costco (COST) has listed the Switch 2+ Mario Kart World Bundle on its website, but it hasn't announced any special event for the sale.
Nintendo fans in NYC or San Francisco have the option of buying the Switch 2 directly from the company at its two retail locations in these cities.
Staples will also sell Switch 2 units on launch day, but only at select stores.
Target (TGT) will start its Switch 2 launch event at 8:00 a.m. on June 5, skipping a midnight launch.
Other retailers, such as Walmart, may offer Switch 2 units on launch day, but haven't confirmed if they will.
Is Nintendo Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts' consensus rating for Nintendo is Moderate Buy, based on seven Buy, one Hold, and a single Sell rating over the last three months. With that comes an average NTDOF stock price target of $87.46, representing a potential 6% upside for the shares.
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