Analyst raised price target on Nintendo before product launch, stock up over 5%

From Yahoo Finance: 2025-05-23 16:21:00

A top U.S. bank’s analyst raised her price target on Nintendo, the famous Japanese video game developer, less than two weeks before a major product launch. Market players responded by pushing Nintendo’s stock up over 5% on Friday, outperforming the S&P 500. JPMorgan Chase’s Junko Yamamura increased her fair value assessment on Nintendo’s Japan-listed stock to 15,300 yen per share. This move comes amid positive pre-launch buzz for Nintendo’s upcoming Switch 2 console. Other analysts have also raised their price targets, indicating strong confidence in the company’s future performance.



Read more at Yahoo Finance: Why Nintendo Stock Was Climbing Today