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

motek 1The 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

NTDOY Stock Prediction

  • 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.

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