Nintendo (NTDOF) (NTDOY) stock was down on Monday after analysts warned that a Switch 2 shortage could last for several months. Several Japanese analysts, based in Nintendo’s home country, have claimed that the Switch 2 might continue to be hard for customers to purchase until spring 2026.
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While this means demand for Nintendo’s Switch 2 is incredibly high in Japan, it also means the company doesn’t have enough supply to keep up with it. Even so, Nintendo President Shuntaro Furukawa has said the company is working to increase production of the handheld/home console hybrid.
Nintendo no doubt wants to capitalize on the immediate success of the Switch 2, which is now the fastest-selling console in history with 3.5 million units sold in its first week. The company also revealed the Switch 2 sold 5.4 million units in its first month. For comparison, the original Switch sold 2.74 million units in its first month. Investors will also note that the Switch has sold 152.12 million units to date, making it the second-best-selling handheld and home console behind Sony’s (SONY) PlayStation 2 and Nintendo’s DS.
Nintendo Stock Movement Today
NTDOF stock was down 3% as of Monday morning. Even so, Nintendo’s shares have rallied 55.42% year-to-date and have surged 70.76% over the past 12 months. Much of this movement can be attributed to investor and consumer hype in the lead-up to and launch of the Switch 2.
Is Nintendo Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Nintendo is Moderate Buy, based on eight Buy, two Hold, and a single Sell rating over the past three months. With that comes an average NTDOF stock price target of $96.45, representing a potential 6.57% upside for the shares.
