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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
an hour ago
- Business Insider
Leader Capital Markets Remains a Buy on Teva (TEVA)
In a report released today, Sabina Levi from Leader Capital Markets maintained a Buy rating on Teva (TEVA – Research Report), with a price target of ILA9,300.00. The company's shares closed last Thursday at ILA6,045.00. 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 According to TipRanks, Levi is ranked #6867 out of 9595 analysts. The analyst consensus on Teva is currently a Hold rating. Based on Teva's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of ILA3.89 billion and a net profit of ILA214 million. In comparison, last year the company earned a revenue of ILA3.82 billion and had a GAAP net loss of ILA139 million
Business Insider
2 hours ago
- Business Insider
TD Cowen Reaffirms Their Buy Rating on Copa Holdings (CPA)
In a report released on June 18, Thomas Fitzgerald CFA from TD Cowen maintained a Buy rating on Copa Holdings (CPA – Research Report), with a price target of $144.00. The company's shares closed yesterday at $102.50. 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 Fitzgerald CFA covers the Industrials sector, focusing on stocks such as Alaska Air, Air Canada, and Frontier Group Holdings. According to TipRanks, Fitzgerald CFA has an average return of 0.2% and a 57.69% success rate on recommended stocks. Copa Holdings has an analyst consensus of Strong Buy, with a price target consensus of $142.25, which is a 38.78% upside from current levels. In a report released on June 16, Morgan Stanley also maintained a Buy rating on the stock with a $125.00 price target. Based on Copa Holdings' latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $899.18 million and a net profit of $176.77 million. In comparison, last year the company earned a revenue of $893.47 million and had a net profit of $176.07 million
Business Insider
3 hours ago
- Business Insider
Moncler S.p.A. (0QII) Receives a Hold from Jefferies
Jefferies analyst James Grzinic maintained a Hold rating on Moncler S.p.A. (0QII – Research Report) yesterday and set a price target of €49.00. The company's shares closed yesterday at €48.99. 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 Grzinic covers the Consumer Cyclical sector, focusing on stocks such as Compagnie Financiere Richemont SA, Ferrari, and adidas AG. According to TipRanks, Grzinic has an average return of 4.1% and a 57.53% success rate on recommended stocks. Currently, the analyst consensus on Moncler S.p.A. is a Moderate Buy with an average price target of €61.95, which is a 26.45% upside from current levels. In a report released on June 19, Barclays also maintained a Hold rating on the stock with a €61.00 price target. The company has a one-year high of €70.88 and a one-year low of €45.41. Currently, Moncler S.p.A. has an average volume of 159.7K. Based on the recent corporate insider activity of 112 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 0QII in relation to earlier this year.
