Will Switch 2 Troubles Hamper Nintendo Stock (NTDOF)?
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Nintendo introduced the ability to remotely brick the Switch 2 to curb piracy. However, regulators argue that the clause in its terms and agreements is unlawful, removing a product and service paid for by the consumer. The complaint requests that Nintendo remove the feature. Nintendo has 20 days to provide a legal response to this complaint.
The Switch 2 brick issue came after some owners complained about it. That includes one case of a console sold at Walmart (WMT) being bricked, as well as secondhand customers getting bricked consoles from private sellers.
Nintendo Switch 2 Overheat Complaints
The next problem Nintendo faces is complaints of the Switch 2 overheating. Several gamers have highlighted the issue on social media, noting it can happen during play of both highly detailed and less strenuous games.
According to some of these posts, the issue is tied to the dock, which can't keep the Switch 2 cool enough during gameplay. Nintendo's official solution is to ensure proper airflow, but that might not be enough in some cases.
Even with these issues, NTDOF stock was up 0.14% as of Wednesday afternoon. The stock has also rallied 58.21% year-to-date and 65.59% over the past 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 eight Buy, two Hold, and a single Sell rating over the past three months. With that comes an average NTDOF stock price target of $93.76, representing a potential 1.77% upside for the shares.
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