Nintendo (NTDOY) stock rallied on Wednesday alongside new Switch 2 sales data. This data shows a projected 1.6 million Switch 2 units were sold during June. That makes it the fastest-selling console in the U.S. during June, surpassing Sony’s (SONY) PlayStation 4, which held the prior record at 1.1 million units.
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Today’s projected Switch 2 sales build on an already strong picture of success for the video game company. The Switch 2 holds the record as the fastest-selling console after a strong launch last month, and has reportedly moved 5 million units worldwide in its first month.
Those numbers are huge, and they could grow larger if Nintendo can keep up with demand. The company currently estimates it will sell 15 million Switch 2 units by March 2025, the end of its current fiscal year. However, increased demand may push the company to boost production, allowing it to surpass that number.
Nintendo Stock Movement Today
Nintendo stock was up 2.42% on Wednesday, building on a 51.57% year-to-date rally. The shares have also soared 60.73% higher over the past 12 months. Much of the gains experienced by NTDOY stock are tied to the Switch 2. The company revealed plans surrounding the console late last year, and continued to build momentum ahead of its June 5, 2025 release with special presentations that highlighted the device.
Is Nintendo Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Nintendo (NTDOF) 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 $95.74, representing a potential 8.49% upside for the shares.
