Latest news with #NTDOF
Business Insider
12 hours ago
- Business
- Business Insider
Nintendo Switch 2 Thieves Nab Over 2,800 Systems
Nintendo (NTDOF) was the target of a heist that resulted in 2,810 Switch 2 units being stolen from a transport truck. The theft saw the video game consoles removed from a transport truck that was on its way to a GameStop (GME) location, likely a distribution center, in Texas. The theft was reported after the driver realized the consoles were missing at a pre-inspection truck stop. 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 local authorities, each of the Switch 2 units that were stolen was worth $500. That means these weren't just normal Switch 2 units, which are priced at $450 each, but rather the versions that come bundled with a digital copy of Mario Kart World. With 2,810 Switch 2 units valued at $500 each stolen in the heist, the thieves walked away with $1,405,000 worth of merchandise. Considering the strong demand for the Switch 2, this will leave some fans disappointed as GameStop's Switch 2 supply in Texas is affected. It also means the thieves will likely be able to easily fence the stolen goods, and probably for much more than their MSRP. Switch 2 Sales Even with this theft, Nintendo still saw plenty of Switch 2 sales after the console's launch earlier this month. The company sold 3.5 million of the units in four days, setting new records. It also expects to sell 15 million units in the first year, with plans to produce up to 20 million units to meet increased demand. Is NTDOF 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 $92.21, representing a potential 1.22% upside for the shares.
Business Insider
2 days ago
- Business
- Business Insider
Nintendo Stock (NTDOF) Rockets on Donkey Kong Bananza Direct
Nintendo (NTDOF) stock saw a strong rally on Wednesday as investors and gamers reacted to the latest Direct focused on Donkey Kong Bananza. This is a new game that will be released for the Switch 2 on July 17, 2025. Confident Investing Starts Here: The Donkey Kong Bananza Direct provided a wealth of new information about the game, giving gamers an idea of what to expect when it is released. The presentation went over well, with this new game taking inspiration from Super Mario Odyssey and The Legend of Zelda: Breath of the Wild. These were two of the best-selling Switch games, with combined sales of $69.05 million units. Nintendo and its investors no doubt expect the new Donkey Kong game to perform well, considering the state of Switch 2 sales. The video game console sold 3.5 million units in its first four days on the market, setting new records for Nintendo and the game industry. With those sales under its belt, and a month to go before Donkey Kong Bananza is released, there's huge potential for the game to sell well. Today's presentation could also help boost Switch 2 sales ahead of the game's release. Nintendo Stock Movement Today NTDOF stock soared 6.27% higher on Wednesday, extending the company's year-to-date rally of 58.51%. Additionally, this propelled Nintendo shares to a new all-time high of $90.97. Switch 2 sales data, new game releases, and more could be significant catalysts that send NTDOF stock higher in 2025. 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 $92.41, representing a potential 1.58% upside for the shares.
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.
Business Insider
06-06-2025
- Business
- Business Insider
Nintendo Stock (NTDOF) Jumps on Switch 2 Launch
Nintendo (NTDOF) stock got a boost on Thursday after the video game company launched the Switch 2. Sales of the Switch 2 started at midnight, with gamers around the world lining up to purchase the latest handheld/home console hybrid. While it will be some time before sales data is available, strong preorder demand and consumer hype suggest Nintendo already has a win on its hands. 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 The launch of the Switch 2 comes alongside the release of Mario Kart World, with an option to purchase the game bundled with the console. Several other new games were also released at the same time as the Switch 2, and various original Switch games received updates to increase performance and add features on the new console. Nintendo has high hopes for the Switch 2, as it expects the console to sell 15 million units in its first year. The video game developer has also confirmed plans to ramp up production of the device up to 20 million units in year one to meet increased demand. Nintendo Stock Movement Today Nintendo stock only saw a slight boost today, with shares up 0.23% this morning. This shows that much of the hype around the Switch 2 is already baked into the price of NTDOF shares, which are up 41.68% year-to-date and 46.07% over the past 12 months. If Switch 2 sales surpass estimates, they could be a further boon to Nintendo 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 one Sell rating over the last three months. With that comes an average NTDOF stock price target of $90.39, representing a potential 9.56% upside for the shares.
Business Insider
05-06-2025
- Business
- Business Insider
Nintendo Stock (NTDOF) Rallies Ahead of Switch 2 Launch
Nintendo (NTDOF) stock got a boost on Wednesday as the video game company prepared for the launch of the Switch 2. The Switch 2 is set to be released tomorrow, but some stores will hold midnight launch events to attract customers. This has investors and gamers hyped, as that means the Switch 2 release is only about 12 hours away. 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 Nintendo stock has seen positive movement throughout 2025 as investors awaited the launch of the Switch 2. There are high hopes for the console, with Nintendo expecting 15 million units sold in its first year. There are also expectations that it could surpass this number. If all goes well, the Switch 2 could reach or surpass the original Switch's lifetime sales of 152.15 million units. Nintendo stock was up 1.93% as of Wednesday morning, building on a 41.99% year-to-date and 43.93% 12-month rally. Nintendo Switch 2 Patch Notes With the launch of the Switch 2 less than a day away, Nintendo has released the first set of patch notes for the console: Use of compatible Nintendo Switch software Nintendo Switch Online GameChat GameShare System transfer from Nintendo Switch Virtual game cards Nintendo eShop News Upload of screenshots and videos to the server Nintendo Switch App on a smart device is needed to view and download screenshots and videos uploaded to the server Link with the smart device apps Nintendo Switch Parental Controls and Nintendo Switch App Linking to a Nintendo Account is required for network features, with some exceptions. Updating to version 20.1.1 is required to use Nintendo Switch 2 game-key cards. Updating to version 20.1.1 is required to use a microSD Express card. Is Nintendo Stock a Buy, Sell, or Hold? Turning to Wall Street, the analysts' consensus estimate 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 $90.17, representing a potential 9.06% upside.
