Latest news with #NTDOY
Yahoo
14 hours ago
- Business
- Yahoo
Why Nintendo Stock Surged Today
Nintendo stock surged again today thanks to strong demand for its Switch 2 console. After selling out of its initial launch shipments, Switch 2 is now being restocked by retailers. The Switch 2 launch has been a big success for Nintendo. 10 stocks we like better than Nintendo › Nintendo (OTC: NTDOY) stock saw another day of big gains in Wednesday's trading. The company's share price gained 6.1% in the daily session and is now up 56.5% across 2025. Nintendo's gains today were driven by indications that demand for its recently released Switch 2 gaming console remains quite high. The Switch 2 quickly became the fastest-selling gaming platform in history following its release earlier this month, and the new system is powering a strong rally for Nintendo stock. Nintendo released its Switch 2 platform on June 5, and the new console has gotten off to a fantastic start. The console, which launched at a $449 price point, sold more than 1.1 million units in the U.S. within its first week on store shelves. The performance was good enough to make it the most successful video game platform launch in history. On a worldwide basis, the Switch 2 managed to sell 3.5 million units in just four days -- a performance that also set a new sales record. Now, new shipments from Nintendo mean that retailers are restocking the red-hot console -- and reports suggest that the platform is continuing to quickly sell out. Nintendo appears to have a big hit on its hands with the Switch 2. Unlike some other console launches, the company did a commendable job ensuring that it had a lot of units produced -- but demand still appears to be significantly exceeding supply at some point. While there is some risk for investors that front-loaded demand for the new console may not provide a great indicator as to the platform's long-term performance outlook, the launch has clearly gone very well. 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 $658,297!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $883,386!* Now, it's worth noting Stock Advisor's total average return is 992% — a market-crushing outperformance compared to 172% 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 June 9, 2025 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool recommends Nintendo. The Motley Fool has a disclosure policy. Why Nintendo Stock Surged Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14 hours ago
- Business
- Yahoo
Will the Switch 2 Send Nintendo's Stock to the Next Level?
Nintendo's recently launched Switch 2 console has been breaking records. The company is expecting sales to rise by more than 60% this year. Its valuation is a bit rich, with the stock trading at close to 50 times its trailing earnings. 10 stocks we like better than Nintendo › The latest video game console from Nintendo (OTC: NTDOY) is now out. The Switch 2 is a newer version of the company's original Switch device, and the early indications are that it is a big hit thus far. With shares of Nintendo already up more than 40% this year (returns as of June 13), could this send this stock to even higher levels in the weeks and months ahead? Here's a closer look at what the early numbers are for the Switch 2, and whether Nintendo's stock is a no-brainer buy at this point. The Switch 2 officially launched on June 5. Through just the first four days after its launch, there were more than 3.5 million units sold, making it the fastest-selling Nintendo console. The original Switch device didn't even hit 3 million units sold by the end of its first month. The new console also hit a record for U.S. sales during its launch week, with more than 1.1 million units sold. For the fiscal year, which ends in March, Nintendo forecasts that it will end up selling 15 million units, and it looks to have a terrific start already. This is particularly impressive given that the new Switch console is priced $150 higher than the original Switch (launched in 2017), and $100 higher than the Switch OLED version (launched in 2021). Nintendo recently wrapped up a tough fiscal year, which ended on March 31. Its sales fell by more than 30% to 1.2 trillion yen ($8 billion) as hardware sales plummeted more than 31%, with consumers eagerly awaiting the launch of the new Switch 2 console and holding off on new purchases. Profits also fell by 43% to 279 billion yen ($1.9 billion). However, a strong performance by the Switch 2 could turn those fortunes around. The company is expecting sales for the current fiscal year to top 1.9 trillion yen ($13.1 billion), which would translate into a growth rate of around 63%. It would, however, be just a 14% improvement from fiscal 2024. Nintendo's stock has been a raging-hot buy in recent months. The danger, however, is that with such a strong run, it may be difficult for investors to generate strong returns at an inflated price. Currently, Nintendo's stock trades at around 50 times its trailing earnings. Even based on analyst forecasts, it's at a forward price-to-earnings multiple of 46. Those are high earnings multiples to be paying for Nintendo's stock. While the company has some terrific, iconic brands and intellectual property in its portfolio, its growth may not necessarily be strong enough to justify such a high premium. More than 60% revenue growth this year is impressive, but given the steep drop-off it experienced in the most recent fiscal year, a 14% growth rate over a two-year window looks far less impressive. Another risk to factor in is a possible slowdown in global economies, especially as tariffs weigh on countries all over the world. While Switch 2 sales were impressive out of the gate, longer-term question marks remain about how well demand will hold up over the entire year, and whether software sales will also be strong. Nintendo is a great company, but I wouldn't invest in it at its current valuation. A lot would have to go right for the gaming stock to continue rallying much higher than where it is today. 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 $658,297!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $883,386!* Now, it's worth noting Stock Advisor's total average return is 992% — a market-crushing outperformance compared to 172% 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 June 9, 2025 David Jagielski has no position in any of the stocks mentioned. The Motley Fool recommends Nintendo. The Motley Fool has a disclosure policy. Will the Switch 2 Send Nintendo's Stock to the Next Level? was originally published by The Motley Fool
Globe and Mail
21 hours ago
- Business
- Globe and Mail
Why Nintendo Stock Surged Today
Nintendo (OTC: NTDOY) stock saw another day of big gains in Wednesday's trading. The company's share price gained 6.1% in the daily session and is now up 56.5% across 2025. Nintendo's gains today were driven by indications that demand for its recently released Switch 2 gaming console remains quite high. The Switch 2 quickly became the fastest-selling gaming platform in history following its release earlier this month, and the new system is powering a strong rally for Nintendo stock. Switch 2 continues to push Nintendo stock higher Nintendo released its Switch 2 platform on June 5, and the new console has gotten off to a fantastic start. The console, which launched at a $449 price point, sold more than 1.1 million units in the U.S. within its first week on store shelves. The performance was good enough to make it the most successful video game platform launch in history. On a worldwide basis, the Switch 2 managed to sell 3.5 million units in just four days -- a performance that also set a new sales record. Now, new shipments from Nintendo mean that retailers are restocking the red-hot console -- and reports suggest that the platform is continuing to quickly sell out. What's next for Nintendo? Nintendo appears to have a big hit on its hands with the Switch 2. Unlike some other console launches, the company did a commendable job ensuring that it had a lot of units produced -- but demand still appears to be significantly exceeding supply at some point. While there is some risk for investors that front-loaded demand for the new console may not provide a great indicator as to the platform's long-term performance outlook, the launch has clearly gone very well. Should you invest $1,000 in Nintendo right now? Before you buy stock in Nintendo, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks 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 $658,297!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $883,386!* Now, it's worth noting Stock Advisor 's total average return is992% — a market-crushing outperformance compared to172%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 9, 2025
Globe and Mail
7 days ago
- Business
- Globe and Mail
Nintendo Stock Near Highs—Will the Switch 2 Keep the Rally Alive?
[content-module:CompanyOverview|OTCMKTS:NTDOY] However, investors who bought NTDOY stock earlier this year may easily have enough profits to cover the premium price. The stock is up 43% in 2025 and is trading near its all-time high. A run-up like that leads to concerns that there's not much upside left. Events like the Switch 2 launch can be a 'sell the news' event. NTDOY stock is up just 1.3% in a volatile week of trading since the Switch 2 launch. However, analysts give NTDOY stock a consensus price target of $25.60, which would be a 22% upside from the stock's closing price on June 10. What do investors need to know about the opportunity in Nintendo stock? Nintendo Is Affirming Its Premium Position By many accounts, Nintendo saved the video game industry in the mid-1980s. At that time, the company established itself as offering premium value, and it's never deviated from that. Nintendo is well-known for prioritizing software development. The company has a long-standing policy of limiting the number of games its developers can make, so the focus is on quality rather than quantity. From 2019 through 2023, about 80% of the company's software revenue came from its first-party games. In fact, it's never had a gaming console priced higher than $300. Even at $450, the Switch 2 is priced less than the Sony PlayStation of 20 years ago. Consumers have had to wait for the Switch update for eight years, so they may accept that price hike. However, the price of video games made for the Switch is also increasing. Mario Kart, the signature game for the device, will be $80. That's significantly higher than the previous $60 price point from the prior version. Some analysts believe that tariffs played a role. Nintendo is denying the claims, and there's some evidence that on an inflation-adjusted basis, the new pricing is still very favorable. However, the launch is coming at a time when many consumers are stretched and stressed. An Outlier in a Weak Sector Consumer discretionary stocks continue to be hit or miss for investors. The Consumer Discretionary Select Sector SPDR Fund (NYSEARCA: XLY) is down about 3% in 2025. Some of the top holdings in the fund including Tesla Inc. (NASDAQ: TSLA), Lululemon Athletica Inc. (NASDAQ: LULU), and more recently McDonald's Corp. (NYSE: MCD) have been among the market laggards. This was supposed to be a great year for these stocks. The expectation was that inflation and interest rates would come down, and consumers would take care of the rest. But during the first half of 2025, that forecast hasn't materialized yet. The rate of inflation has decreased, but not enough to prompt the Federal Reserve to take action. Additionally, the potential impact of tariffs is holding consumer sentiment back. [content-module:TradingView|OTCMKTS:NTDOY] Fundamentals Are Bearish, But Technicals Suggest Bullish Momentum A price-to-earnings (P/E) ratio of around 46x puts Nintendo above its historical averages. The same is true of the stock's price-to-sales (P/S) ratio and its price-to-book (P/B) ratio. Nevertheless, its most recent earnings report in May didn't include any of the benefits from the Switch 2 launch. It's fair to say that some of that is priced into the stock already. The bottom line is that if the company doesn't meet its goals for the Switch 2 launch, there could be significant value compression. But in the near term, the NTDOY stock chart looks slightly bullish. After moving to an all-time high, the stock is finding resistance, which is just shy of $21. However, the moving average convergence divergence (MACD) has been swinging from bullish to bearish and appears to be ready to swing bullish again. Where Should You Invest $1,000 Right Now? Before you make your next trade, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list. They believe these five stocks are the five best companies for investors to buy now...
Business Insider
03-06-2025
- Business
- Business Insider
‘Buy Wayfair and Best Buy Stocks,' Says Five-Star Analyst
JPMorgan analysts, led by five-star rated Christopher Horvers, believe that Best Buy (BBY) and Wayfair (W) present a good balance of risk and reward, even if they aren't among the safest retail investments. Indeed, in a research note published on Monday, the firm said that both companies are 'worth the risk' and may offer solid upside potential despite current challenges facing the retail sector. As a result, JPMorgan has Buy ratings on both stocks. Confident Investing Starts Here: For Best Buy, the firm is expected to see a boost in June as pre-orders for the new Nintendo Switch (NTDOY) are recognized in its financials. Furthermore, this momentum is likely to continue into July due to back-to-school shopping, especially in categories like laptops, tablets, and phones. Interestingly, though, JPMorgan noted that while tariffs have already been factored into Best Buy's guidance, there's still some risk, particularly in non-computer categories. Nevertheless, the analysts believe that the stock is attractively priced at current levels. At the same time, Wayfair, which focuses on home goods through an online platform, is also seen as undervalued. In fact, JPMorgan believes that investors may be misjudging how tariffs will affect the company since Wayfair doesn't operate like a traditional brick-and-mortar retailer. Although its stock is trading just above $41 and is down nearly 7% in 2025, the bank suggests that there is the potential for a recovery as tariff concerns ease and sentiment improves. Which Retail Stock Is the Better Buy? Overall, out of the two stocks mentioned above, analysts think that BBY stock has more room to run than W. In fact, BBY's price target of $80.53 per share implies almost 18% upside versus W's 43.42%.
