Nintendo Stock (NTDOF) Slips Alongside Analyst Updates
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Four-star Macquarie analyst Hiroshi Yamashina maintained a Hold rating with a ¥13,000 price target.
CLSA analyst Jay Defibaugh reiterated a Sell rating but increased his price target to $70.40 from $67.69.
Four-star Benchmark analyst Mike Hickey kept a Buy rating and raised his price target to $94.77 from $88.
These updated ratings and price targets came after Nintendo reported earnings per share of 56 cents on revenue of $3.89 billion in its latest earnings report. These both beat out Wall Street's estimates of 31 cents per share and revenue of $3.35 billion. Nintendo's strong Fiscal Q1 beats were powered by the launch of the Switch 2 in early June. The new console broke sales records in its first few days on the market.
Nintendo also recently announced price updates for its original Switch line of devices. While a price drop would typically occur after a new console launch, Nintendo has increased the price of its Switch consoles. It did so after President Donald Trump announced new tariffs.
Nintendo Stock Movement Today
Nintendo stock was down 1.7% on Tuesday, but remained up 52.43% year-to-date and 78.81% over the past 12 months. The company's stock has largely benefited from the hype around the Switch 2. Strong sales and new games have been positive catalysts for the video game company's shares recently.
Is Nintendo Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts' consensus rating for Nintendo is Moderate Buy, based on nine Buy, two Hold, and a single Sell rating over the past three months. With that comes an average NTDOF stock price target of $97.18, representing a potential 10.07% upside for the shares.
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