Nintendo (NTDOF) stock fell on Thursday despite the company’s latest Direct. Today’s presentation was focused on games coming to the Nintendo Switch and Switch 2 from third-party developers. As such, there were no titles directly from Nintendo included in today’s live stream.
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Major titles coming to Nintendo consoles in the Direct include:
- Capcom’s (CCOEY) Pragmata, Monster Hunter Stories 3: Twisted Reflection, and Resident Evil Requiem.
- Microsoft’s (MSFT) Fallout 4 Anniversary Edition, The Elder Scrolls IV: Oblivion Remastered, and Indiana Jones and the Great Circle.
- Square Enix’s (SQNXF) Final Fantasy VII Rebirth and The Adventures of Elliot: The Millennium Tales.
- Valheim
- Hollow Knight Nintendo Switch 2 Edition
- Kyoto Xanadu
- Bandai Namco’s (NCBDF) Digimon Story Time Stranger
- Granblue Fantasy: Relink – Endless Ragnarok
Many of these games were already announced or present on other consoles, meaning there weren’t any major surprises during today’s Nintendo Direct. This might help explain why investors aren’t overly enthused by the company’s latest presentation.
Nintendo Stock Movement Today
Nintendo stock was down 1.9% on Thursday, extending a 14.36% fall year-to-date. The stock has also fallen 18.9% over the past 12 months.
NTDOF stock trading activity today saw some 4,400 shares change hands, compared to a three-month daily average trading volume of about 9,700 units.
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. With that comes an average NTDOF stock price target of $86.41, representing a potential 49.3% upside for the shares.
