Latest news with #AtulGoyal
Business Insider
7 days ago
- Business
- Business Insider
‘Load Up,' Says Jefferies About Nintendo Stock
Nintendo (TYO:7974) shares have been hitting fresh highs in recent weeks with investors' enthusiasm mirroring the success of the company's' newly released Switch 2. Confident Investing Starts Here: Released in early June, the new console has quickly taken the gaming world by storm, with 3.5 million units sold in just four days, making it the fastest-selling console in the company's history. Investor enthusiasm has followed suit, driving the stock up 40% year-to-date. That milestone didn't just break internal records, it set a new global benchmark. For comparison, the original Switch sold 2.74 million units in its first full month, the PS4 hit 2.1 million in two weeks, and the PS5 moved 3.4 million units in its debut month. Such momentum is setting the stage for long-term growth, according to Jefferies analyst Atul Goyal. 'The NS2 trajectory is shaping up to be meaningfully above that of Switch and bodes well for profit growth for the years ahead,' the 5-star analyst said. In light of the early strong performance, Goyal has revised his cumulative sales forecast for the Switch 2, raising it from 66 million to 69 million units over the next three fiscal years ending March 2028. His new annual projections call for 18 million, 23 million, and 28 million units, respectively – numbers that already seem well within reach, considering Nintendo has achieved 20% of the FY3/26 target in less than a week. That early success is no accident. The Switch 2 builds on the legacy of the original 2017 console, but comes with broader anticipation and tighter execution. Reports of long lines and rapid sellouts have emerged worldwide, though Nintendo's decision to stockpile inventory ahead of the U.S. launch helped mitigate supply shortfalls. 'This should bode very well for earnings growth,' says Goyal. 'A higher install-base combined with strong game pipeline is likely to drive earnings growth much higher than the pace and magnitude of Switch.' Nintendo has also unveiled Splatoon Raiders, a new Splatoon spin-off and the franchise's first-ever spin-off title, which will be available exclusively on the Switch 2. That further strengthens what is already an 'incredibly strong' first-party lineup this year with Goyal believing the tie-ratio – meaning the average number of games purchased per console – probably 'has the making of a big upward surprise.' Taking all this into account, Goyal rates Nintendo shares a Buy with a ¥20,780 ($142.85) price target, implying a 53% upside over the next year. (To watch Goyal's track record, click here) Elsewhere on the Street, Nintendo stock claims an additional 6 Buys, 2 Holds and 1 Sell, for a Moderate Buy consensus rating. However, the ¥13,367.81 ($91.9) average price target implies the shares will stay rangebound for the time being. (See Nintendo stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
Business Insider
10-06-2025
- Business
- Business Insider
Nintendo Stock (NTDOF) Receives a Bullish Price Target Following the Switch 2 Launch
Nintendo (NTDOF) stock got a boost on Monday after an analyst updated their coverage of the video game company's shares. Five-star Jefferies analyst Atul Goyal reiterated a Buy rating and increased his price target for NTDOF stock to $139.58 from $107.55, suggesting a 64.23% upside for the shares. 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 Goyal's updated coverage of Nintendo stock comes after the launch of the Switch 2 late last week. This is Nintendo's newest video game console and the successor to the original Switch. Hopes are high for the Switch 2, as the Switch was a massive success with 152.12 million units sold. The launch weekend for the Switch 2 appeared to go over well, with preorders largely sold out. However, there were reports of stores having plenty of Switch 2 units on hand. This has raised concerns that demand for the Switch 2 wasn't as high as expected, but it could also be a sign that Nintendo accurately anticipated demand and supplied enough units to avoid shortages. Microsoft Enters the Handheld Console Market In related news, Microsoft (MSFT) plans to challenge Nintendo in the handheld gaming sector. The company announced two new handheld consoles: the ROG Xbox Ally and ROG Xbox Ally X. These are set for release in Holiday 2025, but no prices have been announced. Microsoft's challenge to Nintendo is an uphill battle as Xbox doesn't have a firm grip on the handheld gaming market. It's avoided the space for years, never dedicating the resources needed to carve out a space in it. This newest move changes that, but it might be too late to try and usurp Nintendo's reign. 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 $92.07, representing a potential 10.65% upside for the shares.
Metro
05-06-2025
- Entertainment
- Metro
Nintendo Switch 2 sales: an overnight success as UK stock shortages loom
Although there are no official sales figures yet, a series of crowded midnight launches point to the Nintendo Switch 2 being an instant hit. It's always been obvious that the Nintendo Switch 2 would be a hot commodity, with pre-orders routinely selling out over the last several weeks. And with the console officially launching on Wednesday night, it's going to be even harder to come by. As of Thursday morning, retailers like Argos and Amazon had fresh stock for last minute customers but they're already starting to run out, with no indication of when more will come in. It's too soon for Nintendo to share official sales numbers, but everything points to the Switch 2 being a big success and completely selling out, with Currys claiming they've already sold 300,000 in the UK alone. Certain retailers in the UK, the US, and Japan have kept up the time-honoured tradition of the midnight launch, and it seems those have been popular too. Smyths, for instance, held midnight launch events across its stores and photos of its Wallsend North Tyneside location show how massive a queue it attracted by the time the doors opened at one minute past midnight. Sign up to the GameCentral newsletter for a unique take on the week in gaming, alongside the latest reviews and more. Delivered to your inbox every Saturday morning. Meanwhile, Currys only held the one midnight launch event, at its store in Oxford Street, and despite Switch 2 sales being limited to those who already pre-ordered it, the event still attracted its own lengthy queue of fans and cosplayers. A quick look through social media shows similar results in the US, with one person on X saying that over 200 people queued up at their local GameStop. Went to the midnight release of the Switch 2 at my local GameStop. Was 43rd in line but there were probably about 140 people there so it could've been way had a little bit of trivia and a MK8 tourney before the release. Saw people I haven't seen in a bit. — ObscureReference (@ObscureisHere) June 5, 2025 As for Japan, it is unsurprisingly dealing with major stock shortages. If you recall, the My Nintendo Store already ran out of pre-orders in April, prompting Nintendo itself to apologise for failing to meet demand. According to Yahoo News Japan (as translated by IGN), other Japanese retailers, such as Toys ;R Us Japan and Don Quijote, are experiencing the same thing, only offering Switch 2s to lottery winners. At the time of writing, no sales numbers for the Switch 2 have been given. However, Nintendo has previously said it hopes to sell approximately 15 million units this fiscal year, i.e. before next April. More Trending That's a target analysts are confident Nintendo will meet, including Jefferies analyst Atul Goyal, who points to how quickly pre-orders sold out worldwide. 'In the UK, pre-orders closed down in a minute, in France the same thing and in the US there were multiple crashes online … people had to queue up overnight just so they could pre-order [in stores],' Goyal told the Financial Times. The Financial Times also reports that some analysts think the Switch 2 will perform even better than Nintendo thinks and sell over 20 million units, meaning it would outperform the Switch 1, which sold just under 15 million units in its first fiscal year. In addition, Nintendo's share price has reportedly risen 32% this year thanks to the Switch 2, which may offset the impacts of US president Donald Trump's sweeping tariffs. Email gamecentral@ leave a comment below, follow us on Twitter. To submit Inbox letters and Reader's Features more easily, without the need to send an email, just use our Submit Stuff page here. For more stories like this, check our Gaming page. MORE: Nintendo Switch 2 games list – everything you can play right now MORE: Nintendo Switch 2 will outsell all PC handhelds in 2025 claims report MORE: Mario Kart World review in progress – not the game you thought it was
Int'l Business Times
08-05-2025
- Automotive
- Int'l Business Times
Nintendo Forecasts 15 Million Switch 2 Sales In 2025-26
Japanese gaming giant Nintendo forecast Thursday that it would sell 15 million units of its hotly awaited Switch 2 console in the current financial year but warned US tariffs could hit its bottom line. The successor to the Switch -- the third best-selling console ever behind Sony's PlayStation 2 and the Nintendo DS -- is set to hit shelves worldwide on June 5. While Nintendo is diversifying into theme parks and hit movies, around 90 percent of its revenue still comes from the Switch business, analysts say. However the unit sales forecast is more conservative than the 16.8 million expected in a survey of Bloomberg economists. The Switch, a handheld and TV-compatible device that became a must-have gadget during pandemic lockdowns, has sold around 150 million units since its launch in 2017. For the financial year that ended on March 31, Nintendo reported a 43.2 percent fall in full-year net profit to 278.8 billion yen ($1.9 billion), as gamers wait to splash their cash on the Switch 2. Nintendo forecast a net profit of 300 billion yen for the current financial year but warned that US trade tariffs could impact its earnings. "Changes to tariff rates may affect our financial forecast. We will continue to monitor the situation to respond to changes in market conditions," it said. The company last month revealed details about the Switch 2, a hybrid console like its predecessor. However the price has raised eyebrows at over a third more than the original Switch in major markets including the United States, where it will cost $449.99. A Japanese-only version for domestic consumers will cost 49,980 yen ($350). Nintendo delayed pre-orders for the Switch 2 in the United States by several weeks as it assessed the fallout from President Donald Trump's trade levies. But last month it boasted of higher-than-expected demand in Japan for pre-orders of the new console. Ahead of Thursday's earnings release, Atul Goyal of Jefferies said "we expect demand to significantly exceed supplies" of the Switch 2. Recent news that the next title in the Grand Theft Auto video game series had been postponed to May 2026 is also a positive for Nintendo, Goyal said. "GTA6 does not have a direct impact on Nintendo, but it sure makes Nintendo's competition far less intense" in terms of game launches, he wrote in a note.
France 24
08-05-2025
- Business
- France 24
Nintendo forecasts 15 million Switch 2 sales in 2025-26
The successor to the Switch -- the third best-selling console ever behind Sony's PlayStation 2 and the Nintendo DS -- is set to hit shelves worldwide on June 5. While Nintendo is diversifying into theme parks and hit movies, around 90 percent of its revenue still comes from the Switch business, analysts say. However the unit sales forecast is more conservative than the 16.8 million expected in a survey of Bloomberg economists. The Switch, a handheld and TV-compatible device that became a must-have gadget during pandemic lockdowns, has sold around 150 million units since its launch in 2017. For the financial year that ended on March 31, Nintendo reported a 43.2 percent fall in full-year net profit to 278.8 billion yen ($1.9 billion), as gamers wait to splash their cash on the Switch 2. Nintendo forecast a net profit of 300 billion yen for the current financial year but warned that US trade tariffs could impact its earnings. "Changes to tariff rates may affect our financial forecast. We will continue to monitor the situation to respond to changes in market conditions," it said. The company last month revealed details about the Switch 2, a hybrid console like its predecessor. However the price has raised eyebrows at over a third more than the original Switch in major markets including the United States, where it will cost $449.99. A Japanese-only version for domestic consumers will cost 49,980 yen ($350). Nintendo delayed pre-orders for the Switch 2 in the United States by several weeks as it assessed the fallout from President Donald Trump's trade levies. But last month it boasted of higher-than-expected demand in Japan for pre-orders of the new console. Ahead of Thursday's earnings release, Atul Goyal of Jefferies said "we expect demand to significantly exceed supplies" of the Switch 2. Recent news that the next title in the Grand Theft Auto video game series had been postponed to May 2026 is also a positive for Nintendo, Goyal said. "GTA6 does not have a direct impact on Nintendo, but it sure makes Nintendo's competition far less intense" in terms of game launches, he wrote in a note. © 2025 AFP
