Latest news with #NTDOY
Business Insider
18 hours ago
- Business
- Business Insider
‘Buy Wayfair and Best Buy Stocks,' Says Five-Star Analyst
JPMorgan analysts, led by five-star rated Christopher Horvers, believe that Best Buy (BBY) and Wayfair (W) present a good balance of risk and reward, even if they aren't among the safest retail investments. Indeed, in a research note published on Monday, the firm said that both companies are 'worth the risk' and may offer solid upside potential despite current challenges facing the retail sector. As a result, JPMorgan has Buy ratings on both stocks. Confident Investing Starts Here: For Best Buy, the firm is expected to see a boost in June as pre-orders for the new Nintendo Switch (NTDOY) are recognized in its financials. Furthermore, this momentum is likely to continue into July due to back-to-school shopping, especially in categories like laptops, tablets, and phones. Interestingly, though, JPMorgan noted that while tariffs have already been factored into Best Buy's guidance, there's still some risk, particularly in non-computer categories. Nevertheless, the analysts believe that the stock is attractively priced at current levels. At the same time, Wayfair, which focuses on home goods through an online platform, is also seen as undervalued. In fact, JPMorgan believes that investors may be misjudging how tariffs will affect the company since Wayfair doesn't operate like a traditional brick-and-mortar retailer. Although its stock is trading just above $41 and is down nearly 7% in 2025, the bank suggests that there is the potential for a recovery as tariff concerns ease and sentiment improves. Which Retail Stock Is the Better Buy? Overall, out of the two stocks mentioned above, analysts think that BBY stock has more room to run than W. In fact, BBY's price target of $80.53 per share implies almost 18% upside versus W's 43.42%.
Business Insider
7 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.
Yahoo
21-05-2025
- Business
- Yahoo
Nintendo (NTDOY) Tag-Teams with Samsung for Switch 2 Console Chip
On May 20, Bloomberg reported that Nintendo (OTC:NTDOY) has partnered with Samsung Electronics to produce a key processor chip for its upcoming Switch 2 gaming console. The gaming chip, designed by Nvidia Corp. (NASDAQ:NVDA), will be manufactured using Samsung's advanced process. This will be a notable shift for Nintendo as it sourced chips earlier from Taiwan Semiconductor Manufacturing Co. (NYSE:TSM). However, such a change in strategy appears prudent for Nintendo as the company wants to ramp up production to meet its targets for the much-awaited gaming console. A close up of an employee's hands at a digital gaming console, controlling a popular game. The company has estimated that sales will reach around 15 million units by March next year. However, the console witnessed strong demand during the pre-orders, with 2.2 million orders in Japan alone. Considering such demand, the market expects sales to exceed that estimate and touch 20 million. Changing to a faster manufacturer should help the company meet those elevated expectations. Nintendo develops, manufactures, and sells home entertainment products, including video game hardware and software. While we acknowledge the potential of NTDOY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NTDOY and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-04-2025
- Business
- Yahoo
Nintendo Switch 2 Pre-Orders Are Hot Tickets After Tariff Delay
Nintendo Switch 2 pre-orders went live Thursday. Many shoppers looking for one were met with outages, "sold out" messages, and site glitches. Nintendo warned fans on X that demand for the Switch 2 could outstrip supply. The new Switch is expected to arrive in Switch 2 pre-orders are now live in the U.S. But will you be lucky enough to get one? Presales for Nintendo's (NTDOY) newest gaming console, set to arrive June 5, started this week. The device is expected to be popular: The company warned gamers on X there could be significantly more demand than supply. (It was originally supposed to be available for pre-order Apr. 9, but the Japan-based company pushed back the date amid tariff concerns.) Nintendo has allowed fans to register interest by signing into their My Nintendo accounts. The company says this method is available on a first-come, first-served basis, and only for registrants who have a Nintendo Switch Online membership with at least 12 months of paid membership and 50 total gameplay hours on the current Switch. Those who are chosen will receive an invitation to preorder via email, Nintendo said. Several big retailers, including Walmart (WMT), Best Buy (BBY), and Target (TGT), launched pre-sales Thursday. Many shoppers were reportedly met with outages, "sold out" messages, and other issues. GameStop (GME) experienced some website "issues." "The excitement around this online preorder was incredible," a Walmart spokesperson said; the company sold out of its pre-order allocation. The other aforementioned retailers did not respond to Investopedia's requests for comment in time for publication. Membership-only store Costco (COST) sold out of its pre-order stock. Walmart-owned Sam's Club didn't have any available for presale, the company told Investopedia. Amazon doesn't have listings up for the Nintendo Switch 2 or a bundle with the "Mario Kart World" game. Amazon did not respond to Investopedia's question about whether it might offer presales in time for publication. Read the original article on Investopedia
Yahoo
17-04-2025
- Business
- Yahoo
2025 was supposed to be a big year for gaming. Tariffs could derail that.
The gaming industry was supposed to get a boost in 2025 thanks to the launch of Nintendo's (NTDOY) Switch 2 console and Take-Two Interactive's (TTWO) "Grand Theft Auto VI," but the Trump administration's trade war could put those hopes in jeopardy. Unlike smartphones and laptops, game consoles, physical game discs and cartridges, and accessories aren't exempt from Trump's 145% duty on goods from China. And while companies have manufacturing bases outside of China, it won't be enough to offset the impact in its entirety. Some companies are already taking moves to protect themselves from tariffs. Nintendo, for instance, pulled US preorders for the Switch 2 just a day after announcing them over tariff concerns. While the company said the console will still be available on its original June 5 release date, there's a chance the company will have to raise its price from an already high $449. And that could seriously hurt the US gaming industry. Read more: The latest news and updates on Trump's tariffs "Entering the year, I had expected US consumer spending on video games to grow 4.8% compared to 2024," explained Circana executive director of games Mat Piscatella. "Were all currently announced tariffs fully implemented ... a reasonable expectation could be a high single-digit percentage decline or a drop into the double-digit percentages. It's simply impossible to have much confidence in any forecast right now," he added. Modern consoles like Sony's (SONY) PlayStation 5, Microsoft's (MSFT) Xbox Series X, and the upcoming Switch 2 generally cost between $400 and $500, with Sony's PlayStation 5 Pro priced at $699 and some bundles topping $999. Tack on the additional duties and those prices could rise significantly. "As prices go up, demand falls. Once you start getting [tariffs] up 10%, 20%, 30%, 40%, or higher, [game companies are] simply not going to be able to absorb it," IDC research director Lewis Ward told Yahoo Finance. "They're going to have to pass it on in order to remain solvent. Or it's going to materially erode or push the margins on their hardware much more negative than they had planned. And these companies simply aren't interested in doing that." For Nintendo, the tariffs come at the worst possible time. The company is launching a new console that it hopes will be as successful as its original Switch, a tall task on its own, and adding in the tariffs will only make selling the console more difficult in one of the company's biggest markets. According to Wedbush Securities managing director Michael Pachter, Nintendo may have to add anywhere between an additional $89 and $495, depending on whether the consoles are coming from China or Vietnam and if Trump adds game systems to the existing exemptions list. Even if consoles are exempt from Trump's reciprocal tariffs, like smartphones or laptops, the administration has already signaled that the reprieve on duties is only temporary and that it will impose other fees on those devices as part of its future tariffs on semiconductors, which could land in the coming weeks. The gaming industry will also have to contend with a potential rise in costs for everyday goods, forcing consumers to cut back on discretionary spending. Toss in tariff-fueled price increases and game systems look less and less palatable. Then there are actual game sales. Physical discs are produced in China, among other locations, and a jump in prices may mean fewer physical game sales. That could be a problem for companies like Take-Two Interactive, which is banking on its "Grand Theft Auto VI" being a blowout success when it's released later this year. Consumers could also, however, opt to download their games rather than purchase discs or cartridges. Since they're digital rather than physical media, the downloaded games won't be subject to tariffs, meaning they could be comparatively less expensive. But downloadable games aren't perfect. Consumers need to ensure they have the storage space necessary to download those games. What's more, game developers and publishers often release pricey special-edition versions of their titles with additional features and collectables. Tariffs would make them even more expensive and less desirable. Gamers could also move toward free-to-play games, like "Fortnite," "Call of Duty Warzone," and "Roblox," which you can download and play without having to pay a fee. Companies release free-to-play games and then offer optional paid upgrades, like special character designs. But there's no guarantee gamers will pay for even those features when they're trying to save money. There's still some hope for the industry, though. While consoles imported into the US face tariffs, those imported into the EU, South America, the Middle East, Africa, or Asia won't face the same onerous duties. And if sales hold up as projected in those regions, they could stand as a bulwark that keeps the industry on track for a decent year. It all comes down to Trump's plans. Email Daniel Howley at dhowley@ Follow him on Twitter at @DanielHowley.
