Nintendo (NTDOF) shareholders celebrated on Tuesday after the video game company reached a new milestone. The market capitalization for Nintendo surpassed $100 billion today, marking the first time in the company’s history that is has ever done so.
Nintendo was able to reach its new market cap largely due to the hype surrounding the Switch 2. This is the game maker’s next hybrid video console, which will be released on June 5, 2025, for $449.99. While preorders are still open for the console, supplies are sold-out as demand far outpaced Nintendo’s expectations.
This excitement for the Switch 2 has translated to positive movement for NTDOF stock in 2025. Nintendo’s shares have increased 51.9% year-to-date, notching another 5.06% gain today. That’s despite some setbacks, such as President Donald Trump’s tariffs, which caused a scare for Nintendo investors in early April. Even so, the stock rebounded after a 90-day hold on tariffs was announced.
What’s Next for Nintendo Stock?
Citi analyst Tokiya Baba believes Nintendo stock has plenty of room to run even after its 2025 gains. The analyst initiated coverage of NTDOF stock with a Buy rating and $97.22 price target, representing a potential 9.91% for the shares.
Baba argues the market hasn’t fully taken into account the potential NTDOF has. That includes not planning for the possible release of a cheaper next-gen system, such as a possible Switch 2 Lite. The analyst also estimates that Nintendo will see millions of Switch 2 units sales annually over the next few years.
Is NTDOF Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Nintendo is Moderate Buy, based on six Buy, one Hold, and one Sell ratings over the last three months. With that comes an average price target of $85.69, representing a potential 3.12% downside for NTDOF stock.
