Nintendo (NTDOF) stock was up on Monday as new rumors spread about a possible Direct that would be held in September. According to these rumors, the video game company will release a Nintendo Direct on September 12. It’s important to note that Nintendo regularly holds Direct presentations in September, though it skipped doing so in 2024.
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Rumors have also spread about what Nintendo intends to cover in the September Direct. The main game expected in the Direct is Metroid Prime 4: Beyond. This game is set for a 2025 release, but hasn’t received a release date. With only a few months left in the year, it makes sense Nintendo would choose September to provide more details about the game. Additionally, it was recently rated by the ESRB, suggesting a release is on the horizon.
It’s also possible that Nintendo would use a September Direct to highlight a new Mario game. The iconic plumber celebrates his 40th anniversary next month, making it a perfect time for the video game developer to reveal a new title. If it does, such a game likely wouldn’t be released until at least 2026. This would allow Nintendo to build hype for a new Mario game without stealing Metroid Prime 4: Beyond’s thunder with a 2025 release.
Nintendo Stock Movement Today
Nintendo stock was up 0.32% on Monday, extending a 62.82% rally year-to-date. The shares have also increased 71.81% over the past 12 months. The success of the Switch 2 has largely fueled these gains.
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 $98.53, representing a potential 3.92% upside for the shares.
