Nintendo Stock Is Soaring: Should You Buy Before the Switch 2 Release?
Nintendo (OTC: NTDOY) stock has gone on quite a run in the last few months. Even with a recent drop in price due to tariff concerns, the stock is up 30% in the last six months in anticipation of the upcoming release of the Nintendo Switch 2. This hardware upgrade -- which has been in the works for years now -- should lead to massive earnings growth for the video game giant over the next few years.I still believe the market is underrating the potential earnings bump from the Switch 2. Here's why investors should consider adding Nintendo stock to their portfolios before April 2, when the Switch 2 is slated to be officially unveiled.Released in 2017, the original Nintendo Switch is the second-most-popular gaming console by unit sales ever, and the most popular sold by Nintendo. As of the latest update, the company has sold close to 151 million Nintendo Switch units and over 1 billion software sales units, which includes game sales and add-on packages. Continue reading
Nintendo (OTC: NTDOY) stock has gone on quite a run in the last few months. Even with a recent drop in price due to tariff concerns, the stock is up 30% in the last six months in anticipation of the upcoming release of the Nintendo Switch 2. This hardware upgrade -- which has been in the works for years now -- should lead to massive earnings growth for the video game giant over the next few years.
I still believe the market is underrating the potential earnings bump from the Switch 2. Here's why investors should consider adding Nintendo stock to their portfolios before April 2, when the Switch 2 is slated to be officially unveiled.
Released in 2017, the original Nintendo Switch is the second-most-popular gaming console by unit sales ever, and the most popular sold by Nintendo. As of the latest update, the company has sold close to 151 million Nintendo Switch units and over 1 billion software sales units, which includes game sales and add-on packages.
