Nintendo (NTDOF) stock slipped on Thursday after the company surprised gamers with the reveal of a new entry in the Star Fox franchise. Nintendo revealed Star Fox for the Switch 2 in what appears to be an attempt to capitalize on the appearance of the main character, Fox McCloud, in the recent Super Mario Bros. Galaxy movie.
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Unfortunately for Nintendo, the reveal of the new game has been controversial. That’s due to this new Star Fox game being a remake of Star Fox 64, which was a reboot of the original Star Fox on the Super Nintendo. This also isn’t the first time that Star Fox 64 has been remade, frustrating players who want to see the series move forward instead of remaking the same game for the fourth or fifth time.
To go along with the remake controversy, Nintendo drastically overhauled the art style of the Star Fox series with this new game. The developer has switched to a more realistic appearance for the characters, which hasn’t gone over well with some fans. On top of that, the remake has been priced the same as a new game, even though it covers levels and a story already present in previous games.
Nintendo Stock Movement Today
Nintendo stock was down 2.45% on Thursday, extending a 27.33% fall year-to-date. The stock has also dropped 40.1% over the past 12 months. Trading activity today saw nearly 12,000 shares change hands, compared to a three-month average daily trading volume of about 9,700 shares.
Investors will also note that Nintendo is set to report earnings for Q4 2025 tomorrow. Those results could have a major impact on the company’s stock.
Is Nintendo Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Nintendo is Strong Buy, based on four Buy ratings over the past three months. With that comes an average NTDOF stock price target of $87.88, representing a potential 81.77% upside for the shares.
