Nintendo stock hits highest price since listing as Japanese analysts update Switch 2 sales forecasts
Nintendo has risen for three consecutive trading days, temporarily rising to 9,775 yen on January 23. This renewed the company’s highest price since its listing by 371 yen. The previous record was achieved on January 16, immediately after the announcement of the Nintendo Switch 2 (source: Kabutan).
On January 21, Toyo Securities raised its rating of Nintendo stock from “buy” to “strong buy” and revised its target share price to 12,300 yen, which, according to Kabutan, stimulated the stock price in the following three days. In addition, the securities firm provisionally updated its sales forecast for the Switch 2 from 14 million units to 16 million units, under the assumption that the console will release in early July. Accordingly, Nintendo’s projected operating profit for the fiscal year ending March 2026 has been revised upwards from 465 billion yen to 480 billion yen.
