0215 GMT - Nintendo's console shipments miss for the September-quarter doesn't concern Morningstar, which remains upbeat about the outlook for the Switch console--a key growth driver for the company. "We are encouraged that the launch of the Switch 2 console and accompanying game releases are stimulating users' purchasing activities more than we had anticipated," says director Kazunori Ito. Based on improved user engagement, Morningstar raises its fiscal 2025 forecasts for game shipments forecast for both the Switch and Switch 2. It thinks Nintendo has ensured sufficient stock for the upcoming holiday season, pointing to an increase in inventory over the past three months. Morningstar raises its fair value estimate for Nintendo to Y14,000 from Y13,000. Stock last at Y14,390. (jason.chau@wsj.com)
(END) Dow Jones Newswires
November 05, 2025 21:16 ET (02:16 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.