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Nintendo Stock Declines After Analyst Downgrade Amid High Switch 2 Expectations
Nintendo Stock Declines After Analyst Downgrade Amid High Switch 2 Expectations
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BTCCSquare news:
Nintendo's U.S.-listed shares fell over 3% on Wednesday, underperforming a flat market, after Wedbush Securities analyst Alicia Reese downgraded the stock from 'outperform' to 'neutral.' The new price target of 14,000 yen ($95.36) reflects concerns about inflated sales expectations for the Switch 2 console.
Reese noted the Switch 2 faces near-impossible comparisons to Nintendo's all-time bestsellers—the original Switch and Wii. Despite strong early demand, sustaining record-breaking sales appears unlikely given historical precedents. The downgrade highlights the risks of over-optimism in gaming hardware cycles.
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