Nintendo (NTDOF) stock was on the move Friday alongside an updated patent from the video game company. This new patent highlights a potential additional screen that could be added to one of its gaming devices, likely the Switch 2. The second screen in the patent would attach to the top of the console, allowing it to display two screens at once.
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A possible use case for this would be playing Nintendo DS or 3DS games on the Switch 2. Nintendo already has emulation of other game consoles available on the Switch 2 through its Nintendo Online subscription service, such as Nintendo, Super Nintendo, Game Boy, Game Boy Advance, and most recently, GameCube.
While the idea of purchasing a second screen to play DS games on the Switch 2 may seem odd to some, it’s not too different from current practices. Nintendo sells updated versions of classic Nintendo controllers to its Online subscribers. The second screen could be sold through this same service. Nintendo could also allow DS emulation on the Switch via a vertical display orientation for those who want to play the games but not purchase the second screen.
Nintendo Stock Movement Today
Nintendo stock was down 0.77% on Friday, following a rally in earlier trading. Despite the dip, NTDOF stock has increased 65.55% year-to-date and 78.95% over the past 12 months. The success of the Switch 2 has been a major positive catalyst for the company’s shares.
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 $98.61, representing a potential 2.29% upside for the shares.
