Latest news with #NTDOF
Business Insider
3 days ago
- Business
- Business Insider
Nintendo Switch 2 Preorders Are a Positive Catalyst for NTDOF Stock
Nintendo (NTDOF) stock has rallied in the days leading up to the Switch 2 launch, which is roughly one week away. A major catalyst for the video game company's shares has been Switch 2 preorder updates. The company has continued to ship units ahead of the console's launch, resulting in preorders opening, and quickly closing, as gamers prepurchase the console ahead of its June 5 release. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Some retailers, such as Target (TGT), have also started to put their Switch 2 units on the sales floor, but they aren't allowing customers to purchase them yet. Others, like Best Buy (BBY), have planned big midnight launch events to attract consumers ready to wait in line for a chance to buy the Switch 2 on its release date. All of this is to say that the hype around the Switch 2 has continued to grow, and NTDOF stock has benefited from it. The shares have rallied 44.63% year-to-date and will likely continue to do so leading up to the Switch 2's release. The June 5 Switch 2 release could also be a major catalyst for the stock, prompting further gains. Recent Nintendo Stock Analyst Coverage The latest analyst coverage of Nintendo stock has remained bullish. J.P. Morgan's Junko Yamamura reiterated a Buy rating last week and increased the stock's price target to $106.01 from $92.85, suggesting a 25.88% upside. Citi analyst Tokiya Baba maintained a Buy rating, but lowered the firm's price target to $91.46 from $97.01, implying an 8.6% upside. 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 past three months. With that comes an average NTDOF stock price target of $89.63, representing a potential 6.43% upside for the shares.
Business Insider
4 days ago
- Business
- Business Insider
Nintendo Stock (NTDOF) Jumps Despite Switch 2 Backward Compatibility Issues
Video game company Nintendo (NTDOY) has updated its list of backward compatible Switch games and apps for the Switch 2. This update showed that the vast majority of Switch games and apps will work on the Switch 2. However, some will need updates from developers, while others are missing completely. Confident Investing Starts Here: Here are a few notable games and apps with startup issues on the Switch 2 that need to be resolved. Final Fantasy Neverwinter Nights: Enhanced Edition NieR:Automata The End of YoRHa Edition Warframe Wolfenstein II: The New Colossus YouTube And here is a list of games and apps that are incompatible with the Switch 2. Nintendo Labo Toy-Con 04: VR Kit Niconico ABEMA Hulu Crunchyroll InkyPen It's unclear if some of these apps will get updates that allow them to operate on the Switch 2, or if they will remain exclusive to the original Switch. What Does This Mean for Nintendo Stock? With more than 15,000 Switch games and apps confirmed to be compatible with the Switch 2, the few apps not making the move likely won't hurt the upcoming game console's sales or Nintendo's stock. It's also worth noting that games and apps with startup issues are being investigated by their developers, and will likely have update patches for compatibility around the time the Switch 2 is released, which is June 5. Hammering this point home is Nintendo's stock movement today. Shares of NTDOF are up 4.19% on Tuesday, continuing a 47.17% year-to-date rally and 58.14% increase over the last 12 months. 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 one Sell ratings over the past three months. With that comes an average NTDOF stock price target of $89.59, representing a potential 4.54% upside for the shares.
Business Insider
5 days ago
- Business
- Business Insider
When Is the Next Nintendo Direct?
It's been a little over a month since the last Nintendo (NTDOF) Direct, and gamers are starting to wonder when the next Direct will be. New rumors claim that Nintendo plans to release its next Direct around the same time as the Switch 2's launch, which is scheduled for June 5, 2025. Confident Investing Starts Here: According to these rumors, Nintendo plans to release the Direct the same week as the Switch 2's launch, or during the following week. If true, this would likely provide gamers and investors with more details about the company's upcoming games. While Nintendo revealed many details about Switch 2 games, such as the release dates for Mario Kart World Tour and Donkey Kong Bananza, others, like Metroid Prime 4, still don't have launch dates. A new direct could include this information while also showing new gameplay footage to build excitement for upcoming games during the Switch 2's release. Analysts Remain Bullish Ahead of the Switch 2's Release Three analysts updated their coverage of Nintendo stock last week as the company's new console launch is just around the corner. Four-star Benchmark Co. analyst Mike Hickey reiterated a Buy rating and increased his price target to $91.18 from $82.77, representing a potential 10.86% upside. Citi analysts Tokiya Baba maintained a Buy rating, but cut their NTDOF price target to $92.58 from $98.20, suggesting a 12.57% upside. J.P. Morgan analyst Junko Yamamura kept a Buy rating and raised her price target to $107.31 from $93.99, implying a 30.47% upside. Is NTDOF 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 one Sell rating over the last three months. With that comes an average NTDOF stock price target of $89.45, representing a potential 8.75% upside for the shares.
