Nintendo 2027 Game Pipeline Expands but Near-Term Catalysts Remain Scarce
Dow Jones
Yesterday
0916 GMT - Nintendo's expanded 2027 software pipeline should support long-term earnings growth, but investors are likely to focus on the lack of near-term catalysts following a series of game announcements, Citi analyst Tokiya Baba writes in a note. The Japanese games giant unveiled several coming first-party titles during its Nintendo Direct presentation this week. While Citi expects near-term pressure on the stock as investors digest recent announcements, it views any pullback as a buying opportunity and maintains its 9,800 yen target price, citing expected Switch 2 sales growth and the strength of Nintendo's intellectual property portfolio. Nintendo shares last ended 4.90% lower at Y7,989.
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