New Nintendo (NTDOY) Switch 2 rumors are swirling and they claim the handheld/home console hybrid reveal will happen later this week. This rumor comes from industry insider Nate the Hate in a recent podcast. He claims Nintendo will launch a reveal trailer for the Nintendo Switch 2 on Thursday, Jan. 16.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Jeff Grub, another industry insider, backs up Nate the Hate’s claim. During a recent podcast, Grub also claimed the Nintendo Switch 2 could get a reveal trailer on Thursday and Friday. He based this claim on rumors spreading around the industry.
The retail release of the Nintendo Switch isn’t expected for a few months. Some rumors say the hybrid console will be released in May or June. That would give gamers time to save up money for the console after a reveal this week.
What Nintendo Switch 2 Games Will Be Revealed?
According to Nate the Hate, the Thursday reveal trailer will focus solely on the hardware of the Nintendo Switch 2. However, he claims the video game company will release a software trailer of upcoming games for the system in February.
Nate the Hate claims there will be considerable third-party support for the Nintendo Switch 2, which backs up other rumors. That includes games from Square Enix (SQNXF), Ubisoft (UBSFY), FromSoftware, and Konami. These rumors claim third-party developers seek to port many of their already-released and upcoming games to the next-generation Switch. Prior rumors claim Nintendo will release free update patches for Switch games to improve performance on the Switch 2.
Another big Nintendo Switch 2 rumor alleges 25 titles will be released alongside the console. This comes from an alleged Micromania employee and should be taken with a grain of salt. The worker claims these games will be priced between €69 to €79 with the console priced at €399. They also claimed the price of Nintendo Switch Online will be increased.
Is NTDOY Stock a Buy, Sell, or Hold?
Turning to Wall Street, only one analyst has covered Nintendo in the last three months. Four-star Jefferies analyst Atul Goyal has a Buy rating and a $17.20 price target for the company, representing a potential 16.97% upside for NTDOY shares.
