Video game hardware and software developer Nintendo (NTDOY) has announced a special Treehouse event where it will show off games for the Switch 2. This event is set for April 3 and April 4, starting at 10 a.m. ET each day. During these events, gamers and investors will get a look at “hands-on gameplay” of Switch 2 games.
It’s worth pointing out that the Nintendo Treehouse events will start after the company’s Nintendo Switch 2 Direct on April 2, which is tomorrow. This makes sense as the video game company is likely to highlight several new games for the console while also providing other details about it.
What to Expect from the Nintendo Switch 2 Direct
The biggest details investors and gamers are waiting for are the release date and price of the Nintendo Switch 2. These are two major factors that will relate to the success of the device. Analysts are predicting the Switch 2 will fly off the shelves, marking another win for Nintendo after the success of the original Switch.
There’s also hope for the Switch 2 to break a record long held by Sony (SONY). The PlayStation 2 remains the best-selling video game console in history, with more than 160 million units sold. The Switch has come close to surpassing this number with 150.86 million units moved. However, it’s running out of steam leading up to the Switch 2’s release. This has Nintendo investors hoping the Switch 2 will finally dethrone Sony’s PS2.
Is Nintendo Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Nintendo (NTDOF) is Moderate Buy based on six Buy, two Hold, and one Sell ratings over the last three months. With that comes an average price target of $79.81, a high of $103.51, and a low of $47.60. This represents a potential 16.96% upside for NTDOF stock.
