Nintendo (NTDOF) stock got a boost on Wednesday after the company announced a new Indie World Showcase will take place on Thursday at 9:00 a.m. ET. The event will focus on games from third-party indie developers, including titles for the Switch and Switch 2. While Nintendo itself likely won’t make any major announcements during the presentation, fans have high hopes for something big to appear.
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One title that gamers absolutely want to see shown off during the Nintendo Indie World Showcase is Hollow Knight: Silksong, the sequel to the 2017 hit Hollow Knight. The game was announced in February 2019, but has suffered delays that have frustrated fans. A new trailer during the showcase would go a long way toward building hype for the game and highlighting indie titles on Nintendo’s systems.
The possibility of Nintendo being the company to finally host a trailer with a release date for Hollow Knight: Silksong is strong. The game was included in a sizzle reel during the Switch 2 Direct with a listed 2025 release. It would make sense that a firmer date would be revealed during a Nintendo presentation, and developer Team Cherry is running out of time to make that announcement if it still intends to hit that 2025 release.
Nintendo Stock Movement Today
Nintendo stock was up 0.58% on Wednesday, extending a 59.88% year-to-date rally and 78% increase over the past 12 months. These strong gains have largely been tied to the Switch 2, with hype before its release sending shares higher, and even more rallies after the console performed well during its launch. Ongoing positives are likely to keep NTDOF stock heading higher.
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 a single Sell rating over the past three months. With that comes an average NTDOF stock price target of $98.32, representing a potential 5.61% upside for the shares.
