Nintendo shares soar as buzz builds among gamers — and Goldman Sachs analysts — for the Switch 2 console
Nintendo stock jumped more than 5% in trading in Tokyo on Wednesday as anticipation builds for the long-awaited successor of its bestselling Switch console, released almost eight years ago.
Unconfirmed sources told Insider Gaming that the Switch 2 will launch in June, while other media outlets suggested that a presentation about the new console could be coming as early as next week. Separately, Bloomberg reported that analysts at Goldman Sachs had resumed coverage of the sector with a “buy” rating on Nintendo’s stock and a target price of 13,600 yen, with some analysts predicting that the Switch 2 will drive active users to new highs.
Since Nintendo finally announced the Switch 2 in January, giving a first look at the new device and teasing its release at some point this year, fans have been hoping for the Japanese video games giant to confirm an official date for preorders.
While Nintendo have yet to share any details about pricing, specifications, or launch dates for the Switch 2, that hasn’t stopped speculation mounting in the gaming world. Still, with sales of the first Switch console slumping at the end of last year, Nintendo needs to shift several million units of the Switch 2 to boost its balance sheet. For now, though, eager fans and expectant traders are reacting to what little info they can get about the device, including 3D-printed mockups and prospective tariff-driven price hikes.
Since Nintendo finally announced the Switch 2 in January, giving a first look at the new device and teasing its release at some point this year, fans have been hoping for the Japanese video games giant to confirm an official date for preorders.
While Nintendo have yet to share any details about pricing, specifications, or launch dates for the Switch 2, that hasn’t stopped speculation mounting in the gaming world. Still, with sales of the first Switch console slumping at the end of last year, Nintendo needs to shift several million units of the Switch 2 to boost its balance sheet. For now, though, eager fans and expectant traders are reacting to what little info they can get about the device, including 3D-printed mockups and prospective tariff-driven price hikes.
