Latest news with #NTDOF
Business Insider
10 hours ago
- Business
- Business Insider
Nintendo Stock (NTDOF) Slips as Direct Evidence Increases
Nintendo (NTDOF) stock was down on Monday alongside more evidence that a Direct will take place this week. The latest evidence that a Nintendo Direct is on the horizon comes from a planned maintenance period that will start on July 30, 2025, at 11:00 PM PT and last until July 31, 2025, at 12:30 AM PT. Nintendo often conducts maintenance around the same time as its Directs to add games to its online services. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. There have also been other signs that a Nintendo Direct is coming soon. That includes several prominent leakers who have posted about an upcoming Direct. Additionally, the release of Donkey Kong Bananza last week cleared the way for new game announcements. Some leakers claim this will see Metroid Prime 4: Beyond get a release date during the next Direct. Other recent reports have claimed that several third-party game developers are holding off on Switch 2 announcements. These rumors claim that they have done so in order to avoid diminishing Donkey Kong Bananza's release and wait for a Nintendo Direct. Nintendo Stock Movement Today Nintendo stock was down 0.37% on Monday, despite the rumors of an upcoming Direct. Even with this drop, shares of NTDOF stock have increased 48.34% year-to-date and 63.81% over the past 12 months. If Nintendo does announce a Direct this week, it could act as a positive catalyst for the video game company's shares. 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 $94.90, representing a potential 9.86% upside for the shares.
Business Insider
7 days ago
- Business
- Business Insider
Nintendo Stock (NTDOF) Jumps on New Pokémon Presents Livestream
Nintendo (NTDOF) stock was up on Tuesday after the video game company held a special livestream called Pokémon Presents. This stream showed off new details about upcoming games, series, and more for the Pokémon series. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Here's a quick breakdown of the biggest reveals during the Nintendo Pokémon Presents: New details about Pokémon Legends: Z-A were revealed. That includes wild Pokemon undergoing Mega Evolutions and a Mega Dragonite. There will also be a special Switch 2 bundle that includes the game. Nintendo also revealed that the game will be released on October 16, 2025. Pokémon Champions will also get three new battle modes available in Single Battle and Double Battle formats. The Pokemon Company has teamed up with Wallace & Gromit animation studio Aardman to create Pokémon Tales: The Misadventures of Sirfetch'd & Pichu. Nintendo launched a new puzzle game called Pokémon Friends on Switch, Switch 2, Android, and iOS devices. Also revealed during the livestream were cards in the upcoming Pokémon Trading Card Game Mega Evolution expansion, including Mega Lucario ex, Mega Kangaskhan ex, and Mega Gardevoir ex. Special cards will be given to participants at the 2025 Pokémon World Championships set to take place from August 15 to August 17 in Anaheim, California. Nintendo Stock Movement Today Alongside all of the positive Pokémon news today was a 0.82% jump for NTDOF stock. This extends the shares' 46.98% year-to-date rally and its 60.94% increase over the past 12 months. Investors no doubt hope a new Pokémon title on the Switch 2 will boost unit sales even higher. 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 $95.10, representing a potential 8.8% upside for the shares.
Business Insider
19-07-2025
- Business
- Business Insider
Nintendo (NTDOF) Switch 2 Boosts Retail Store Sales
Nintendo (NTDOF) isn't the only company that has benefited from the release of the Switch 2. The video game company's latest handheld/home console hybrid also boosted sales at retail stores in the U.S., including GameStop (GME) and Best Buy (BBY). Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to The Wall Street Journal, GameStop sales in June jumped 73% year over year, largely thanks to the launch of the Switch 2 last month. Best Buy also saw a sales boost in June, though not as large as the one GameStop achieved. Its sales that month were up 9.2% compared to June 2024. This has both of these retailers on track to surpass Wall Street's earnings estimates. It makes sense that retailers would see a surprise sales boost when the Switch 2 launched. The console broke records by selling roughly 3.5 million units after four days on the market. On top of that, sales of the Nintendo console reportedly hit 5 million units during the prior month. Nintendo anticipates 15 million unit sales by March 2026, but could surpass that if it can increase production to meet demand. Nintendo Stock Movement Today Nintendo stock was up 0.3% as of Friday morning, extending a 43.24% year-to-date rally. The stock has also risen 61.75% over the past 12 months. Much of those gains can be tied to the pre-release and post-launch hype surrounding the Switch 2. With demand still high and plenty of games coming out, NTDOF stock could still have more room to run. 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 $94.59, representing a potential 6% upside for the shares.
Business Insider
08-07-2025
- Business
- Business Insider
Nintendo Stock (NTDOF) Slips on Switch 2 Shortage Warning
Nintendo (NTDOF) (NTDOY) stock was down on Monday after analysts warned that a Switch 2 shortage could last for several months. Several Japanese analysts, based in Nintendo's home country, have claimed that the Switch 2 might continue to be hard for customers to purchase until spring 2026. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. While this means demand for Nintendo's Switch 2 is incredibly high in Japan, it also means the company doesn't have enough supply to keep up with it. Even so, Nintendo President Shuntaro Furukawa has said the company is working to increase production of the handheld/home console hybrid. Nintendo no doubt wants to capitalize on the immediate success of the Switch 2, which is now the fastest-selling console in history with 3.5 million units sold in its first week. The company also revealed the Switch 2 sold 5.4 million units in its first month. For comparison, the original Switch sold 2.74 million units in its first month. Investors will also note that the Switch has sold 152.12 million units to date, making it the second-best-selling handheld and home console behind Sony's (SONY) PlayStation 2 and Nintendo's DS. Nintendo Stock Movement Today NTDOF stock was down 3% as of Monday morning. Even so, Nintendo's shares have rallied 55.42% year-to-date and have surged 70.76% over the past 12 months. Much of this movement can be attributed to investor and consumer hype in the lead-up to and launch of the Switch 2. 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 $96.45, representing a potential 6.57% upside for the shares.
Business Insider
03-07-2025
- Business
- Business Insider
Will Switch 2 Troubles Hamper Nintendo Stock (NTDOF)?
Nintendo (NTDOF) is in hot water with regulators and fans over issues with the Switch 2. The first issue comes from the video game company's ability to remotely brick the console, making it unplayable. Brazilian regulators have filed a legal complaint against Nintendo over this ability. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. 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.
