Nintendo Stock (NTDOF) Rockets on Donkey Kong Bananza Direct
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The Donkey Kong Bananza Direct provided a wealth of new information about the game, giving gamers an idea of what to expect when it is released. The presentation went over well, with this new game taking inspiration from Super Mario Odyssey and The Legend of Zelda: Breath of the Wild. These were two of the best-selling Switch games, with combined sales of $69.05 million units.
Nintendo and its investors no doubt expect the new Donkey Kong game to perform well, considering the state of Switch 2 sales. The video game console sold 3.5 million units in its first four days on the market, setting new records for Nintendo and the game industry. With those sales under its belt, and a month to go before Donkey Kong Bananza is released, there's huge potential for the game to sell well. Today's presentation could also help boost Switch 2 sales ahead of the game's release.
Nintendo Stock Movement Today
NTDOF stock soared 6.27% higher on Wednesday, extending the company's year-to-date rally of 58.51%. Additionally, this propelled Nintendo shares to a new all-time high of $90.97. Switch 2 sales data, new game releases, and more could be significant catalysts that send NTDOF stock higher in 2025.
Is Nintendo Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts' consensus rating for Nintendo is Moderate Buy, based on eight Buy, two Hold, and a single Sell rating over the past three months. With that comes an average NTDOF stock price target of $92.41, representing a potential 1.58% upside for the shares.
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