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Nintendo Stock Prediction: Strong Demand For Switch Is Boosting Nintendo’s Stock

The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary:

Nintendo’s stock rose +45% since the March launch of its latest gaming console, the Switch.
The Switch sold 2.74 million units in its first month. The strong demand for this hybrid portable/dockable console is causing a global short-supply problem.
Nintendo just announced today that it is increasing its production order to ease the short-supply plaguing Switch.
I expect Nintendo to sell 20 million units of the Switch during its first year run. This unique product has the backing of almost all game publishers and developers.
NTDOY has positive market trend algorithmic forecasts from I Know First.