Nintendo’s Promising Future: Buy Rating Backed by Switch 2 Launch and Strategic Partnerships

Analyst Atul Goyal of Jefferies maintained a Buy rating on Nintendo Co (NTDOF – Research Report), boosting the price target to Yen15,580.00.

Atul Goyal has given his Buy rating due to a combination of factors that highlight Nintendo’s promising future. The upcoming launch of the Switch 2 on June 5, 2025, is expected to significantly transform Nintendo’s ecosystem. This new console is attracting unprecedented third-party support from major gaming companies, which is a testament to its potential success.
The original Switch’s substantial install base of over 150 million units, along with improved hardware and strategic partnerships, positions Nintendo favorably in the market. Major publishers such as FromSoftware, Activision, and Microsoft are prioritizing the platform with high-profile game releases. As a result, operating profit is projected to grow more than fourfold over the next three years, prompting an increase in the price target to ¥15,580, with an upside scenario of ¥23,340.

According to TipRanks, Goyal is a 5-star analyst with an average return of 11.7% and a 67.10% success rate. Goyal covers the Communication Services sector, focusing on stocks such as Nintendo Co, Capcom Co, and KDDI.