Nintendo (NTDOF) stock was down on Thursday following the video game company’s latest Indie World Showcase. This presentation included footage and details of upcoming indie games on the Switch and Switch 2. The standout game of the presentation was Mina the Hollower, created by the developers of the Shovel Knight series.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Other games shown off during the Indie World Showcase included:
- Well Dweller
- Neverway
- Herdling
- Is This Seat Taken?
- Little Kitty, Big City
- Content Warning
- Ball X Pitt
- Ultimate Sheep Raccoon
- Glaciered
- UFO 50
- Winter Burrow
- Undusted: Letters from the Past
- Tiny Bookshop
- Caves of Qud
- Strange Antiquities
- OPUS: Prism Peak
- Go-Go Town!
One game that was missing from the Nintendo Indie World Showcase was Hollow Knight: Silksong. Fans have awaited more information about this game since it was announced in 2019. The sequel to 2017’s Hollow Knight wasn’t mentioned in the presentation, despite its developers planning to release the game before the end of 2025. It’s possible the game will still show up in a future presentation.
Nintendo Stock Movement Today
Nintendo stock was down 1.2% on Thursday, but remained up 59.59% year-to-date. The shares have also increased 66.58% over the past 12 months, largely due to investor and consumer excitement around the Switch 2, which was released in June. Gamers and investors have continued to track Nintendo’s presentations in hopes of getting glimpses of new games coming to this handheld/home console hybrid.
Is Nintendo Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Nintendo is Moderate Buy, based on nine Buy, two Hold, and one Sell rating over the past three months. With that comes an average NTDOF stock price target of $98.32, representing a potential 6.82% upside for the shares.
