Broker cuts target to JPY 9,800 for Nintendo stock before results

Nintendo Co., Ltd. (ISIN JP3756600007) is facing a lower analyst target ahead of its six-month results: a US brokerage kept a bullish rating but cut its target from JPY 10,000 to JPY 9,800 on October 19, 2026, Yahoo Finance reported. The revision puts valuation alongside a stronger interim forecast.

Target cut meets stronger guidance

The target revision followed an upgrade to Nintendo's first-half outlook for the fiscal year ending March 2027. A company-focused Japanese analysis dated October 19, 2026 said sales guidance rose from JPY 34.00 billion to JPY 37.00 billion, while operating profit guidance increased from JPY 7.00 billion to JPY 11.50 billion, a 64.30 percent rise, note.com reported.

The comparison is important because Nintendo's first quarter ended June 30, 2026 with sales of JPY 17.368 billion, up 17.40 percent from JPY 14.8 billion a year earlier. Operating profit reached JPY 5.407 billion, up 51.30 percent year over year, according to the same October 19 analysis. The figures show that profit growth outpaced sales growth during the first quarter.

What happens before November 5?

The chronology is clear. On June 30, 2026, Nintendo posted first-quarter sales of JPY 17.368 billion and operating profit of JPY 5.407 billion. On October 19, 2026, it raised first-half sales guidance to JPY 37.00 billion and operating profit guidance to JPY 11.50 billion. On October 19, 2026, the US brokerage lowered its target from JPY 10,000 to JPY 9,800 while keeping its bullish rating.

The next dated event is Nintendo's six-month earnings release on November 5, 2026, listed on the company's investor-relations page, Nintendo. That report will test whether the higher interim forecast reflects sustained software demand or a temporary mix effect.

Stock price before the results

Nintendo's primary listing is in Tokyo, where the stock closed at JPY 8,576 on October 26, 2026, according to a dated market quotation. The euro quotation gives German investors a separate reference for the session and does not replace the Tokyo price.

Nintendo stock was trading at EUR 47.94 at Lang & Schwarz on October 27, 2026 at 9:08 a.m. CEST. The next earnings date is November 5, 2026, so the interim report remains the clearest near-term test for the upgraded operating-profit outlook. The further course of trading is shown by the continuously updated real-time quote of Nintendo stock.

Market context: Market report Nikkei 225.

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