0527 GMT - Nintendo shares hit a new intraday high as they advance for a fifth session, but Jefferies thinks the rally still has legs. "We see [a] huge share-price upside from here," analyst Shunki Nakamura says. "We believe Switch 2 will be a big hit, and the share price has not sufficiently factored in the success of [the] console yet." Nintendo last week reported record Switch 2 sales, with more than 3.5 million units sold in the first four days after its launch. Calling it "the biggest console launch ever," Nakamura and fellow analyst Atul Goyal now expect the videogame maker to sell 69 million units over three years, up from 66 million expected previously. Jefferies rates the stock as a buy with a target price of Y20,780. Shares rise 5.7% to Y13,145 after touching Y13,320 earlier. (farah.elias@wsj.com)

(END) Dow Jones Newswires

June 18, 2025 01:27 ET (05:27 GMT)

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