Nintendo (NTDOY) is gearing up for a new year and gamers and investors hope it will be an exciting one for the video game hardware and software maker. The biggest catalyst for the company’s shares is the expected launch of the Nintendo Switch 2, which doesn’t yet have a release date.
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In fact, the Switch 2 hasn’t been officially revealed yet. However, executives at the company have confirmed an announcement will be made before its fiscal year ends in March 2025. Many hope Nintendo’s upcoming home/handheld hybrid console will launch early next year.
When it does launch, it could be a blockbuster victory for NTDOY shareholders. Some estimates claim the Switch successor will sell between 15 million and 17 million units in its first year. That would surpass the 13.12 million Switch units sold during its first year. This could also lead to three-year sales of more than 80 million units, as compared to the original Switch’s 47.82 million units sold in its first three years.
Upcoming Nintendo Games in 2025
Of course, Nintendo will have to support the Switch 2 with new games, but it’s keeping any plans about those under wraps. Even so, gamers know some of its plans for the coming year, including remasters. Donkey Kong Country Returns HD comes out on Jan. 16, 2025, while Xenoblade Chronicles X: Definitive Edition releases on March 20, 2025.
Nintendo also has new games in the works that will be released in 2025. Neither have confirmed dates, but Metroid Prime 4 and Pokemon Legends: Z-A will come out sometime during the year. Nintendo may be saving the release dates for these games to coincide with the launch of the Switch 2.
Is NTDOY Stock a Buy, Sell, or Hold?
Turning to Wall Street, one analyst has covered Nintendo over the last three months. Four-star Jefferies analyst Atul Goyal has a Buy rating and a $17.20 price target for NTDOY shares. This represents a potential 18.06% upside for the stock.
