Latest news with #JunkoYamamura
Business Insider
29-05-2025
- 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.
Yahoo
23-05-2025
- Business
- Yahoo
Why Nintendo Stock Was Climbing Today
A top U.S. bank's analyst raised her price target on the famous Japanese video game developer. This occurred less than two weeks away from a scheduled major product launch. 10 stocks we like better than Nintendo › Market players were eager to push the start button on Nintendo (OTC: NTDOY) stock as the trading week drew to a close. Shares of the storied Japanese video game company finished Friday up by more than 5% thanks in no small part to an analyst's price-target increase. That rise was in contrast to the S&P 500's dip of 0.4%. Before market open that day, JPMorgan Chase's Junko Yamamura lifted her fair value assessment on Nintendo's Japan-listed stock to 15,300 yen ($106.52) per share, up from her previous level of 13,400 yen ($93.29). In doing so, she maintained her overweight (buy, in other words) recommendation on the video game maker. The reasoning behind Yamamura's move wasn't immediately clear. However, it's apparent she's become more bullish over the past few months. In January, she initiated coverage of the stock, at that point flagging it as a buy at only 11,600 yen ($0.76 per share). The company has certainly been an increasingly hot topic recently among the gaming community. This was entirely expected, as it is now less than two weeks away from the official launch of its long-awaited Switch 2 console. So far, the pre-launch buzz about the product has been generally positive and hopeful, a factor that's likely supporting the stock. Another plus for the stock is that Yamamura's move isn't unique or isolated; earlier in the week, two of her peers also upped their price targets for Nintendo. Benchmark's Mike Hickey now feels the shares are worth 13,000 yen ($90.50) apiece, up from his preceding 11,800 yen ($82.15), and they're still a buy. And even though CLSA's Jay Defibaugh continued to rate the stock a sell, he enacted a raise nevertheless; to him it's now worth 8,600 yen ($59.87) from 7,800 yen ($54.30). Before you buy stock in Nintendo, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nintendo wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $640,662!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $814,127!* Now, it's worth noting Stock Advisor's total average return is 963% — a market-crushing outperformance compared to 168% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 JPMorgan Chase is an advertising partner of Motley Fool Money. Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends JPMorgan Chase. The Motley Fool recommends Nintendo. The Motley Fool has a disclosure policy. Why Nintendo Stock Was Climbing Today was originally published by The Motley Fool
Yahoo
25-04-2025
- Business
- Yahoo
Nintendo stock surges to record high after Switch 2 pre-orders sell out
Nintendo stock hit fresh records in trading in Tokyo a day after its US-listed ADRs notched an all-time high. The rally comes after pre-orders for Nintendo's Switch 2 console sold out in the US. The 7% stock price surge catapulted Nintendo's market value to $92 billion. The move: Nintendo's ADR shares surged as much as 7% to $19.82 on Thursday, a record high. The gains continued on Friday, with Japan-listed Nintendo shares popping another 4% higher. This embedded content is not available in your region. Why: The surge, which catapulted the company's market value to $92 billion, was sparked by the company's Switch 2 pre-order window opening up in the US. And those pre-orders sold out fast. As of Thursday afternoon, pre-orders were sold out across retailers, including Best Buy, Target, GameStop, and Walmart. The console's pre-order date was postponed due to the Trump tariffs, as Nintendo sought to better understand their potential impact on its business. While Nintendo didn't increase the price of its Switch 2 following the Trump tariffs, it did increase the price of Switch 2 accessories. What it means: The swift pre-order sellouts indicate massive pent-up demand for the Switch 2 console. The original Switch console was released just over 8 years ago. While the strong demand may not be too surprising given that the original Switch console was released eight years ago, it is impressive considering the console retails for $450, with most bundles being offered for about $500. The high price tag and solid sales suggest that even amid concerns of rising inflation and a potential recession, consumers are willing to spend money on indulgences they want. Analysts at JPMorgan expect the strong sales to continue. "We think Switch 2's annual sales volume is likely to be 18 million units, putting it below 20 million units but expect steady build-up over the long term," JPMorgan's Junko Yamamura said in a note on Thursday. Read the original article on Business Insider Sign in to access your portfolio
Business Insider
25-04-2025
- Business
- Business Insider
Nintendo stock surges to record high after Switch 2 pre-orders sell out
The move: Nintendo's ADR shares surged as much as 7% to $19.82 on Thursday, a record high. The gains continued on Friday, with Japan-listed Nintendo shares popping another 4% higher. Why: The surge, which catapulted the company's market value to $92 billion, was sparked by the company's Switch 2 pre-order window opening up in the US. And those pre-orders sold out fast. As of Thursday afternoon, pre-orders were sold out across retailers, including Best Buy, Target, GameStop, and Walmart. The console's pre-order date was postponed due to the Trump tariffs, as Nintendo sought to better understand their potential impact on its business. While Nintendo didn't increase the price of its Switch 2 following the Trump tariffs, it did increase the price of Switch 2 accessories. What it means: The swift pre-order sellouts indicate massive pent-up demand for the Switch 2 console. The original Switch console was released just over 8 years ago. While the strong demand may not be too surprising given that the original Switch console was released eight years ago, it is impressive considering the console retails for $450, with most bundles being offered for about $500. The high price tag and solid sales suggest that even amid concerns of rising inflation and a potential recession, consumers are willing to spend money on indulgences they want. Analysts at JPMorgan expect the strong sales to continue. "We think Switch 2's annual sales volume is likely to be 18 million units, putting it below 20 million units but expect steady build-up over the long term," JPMorgan's Junko Yamamura said in a note on Thursday.
