Nintendo Stock Drops as Investors Fear the Switch 2 Won't Launch Until Next Year
Shares of Japanese video game company (OTC: NTDOY) fell on Tuesday after a Bloomberg report said that the company would delay the release of its new hardware device, the Switch 2. The report came out Friday evening after the market closed.
And since the market was closed over the weekend, as well as Monday, investors couldn't react until today. As of 1:50 p.m. ET, Nintendo stock was down 5%.
First, investors should understand that the Switch 2 console hasn't even been announced yet by notoriously tight-lipped Nintendo.
Source Fool.com
Nintendo Co. Ltd Stock
€45.89
-0.460%
With 0 Sell predictions and 2 Buy predictions the community sentiment towards the Nintendo Co. Ltd stock is not clear.
As a result the target price of 72 € shows a very positive potential of 56.9% compared to the current price of 45.89 € for Nintendo Co. Ltd.
