Wolfe Research downgraded Nintendo (NTDOY) to Underperform from Peer Perform with a 12,000 yen price target The firm recommends fading the stock’s year-to-date on the performance of the Switch 2. The Switch sales are “proving front-end loaded” and Nintendo’s gross margins may disappoint, the analyst tells investors in a research note.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NTDOY:
- Game On: Nintendo reports sharp increase in H1 earnings, revenue
- Nintendo Stock (NTDOF) Rallies on a Switch 2 Sales Forecast Update
- Strong Financial Performance and Promising Outlook Justify Buy Rating for Nintendo Co.
- Nintendo raises FY26 Nintendo Switch 2 hardware sales view to 19M from 15M units
- Nintendo board declares interim dividend of Y42 per share