Goldman Sachs keeps JPY 9,800 target for Nintendo stock

Published on 10/21/2026 at 10:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman Sachs kept its JPY 9,800 target on October 20, 2026. Nintendo stock costs EUR 49.15 on October 21, 2026 at Lang & Schwarz.

Nintendo's latest signals

Goldman Sachs maintained a JPY 9,800 target on October 20, 2026.
First-quarter fiscal 2027 revenue fell 9.50 percent to JPY 517.81 billion.
Nintendo stock traded at EUR 49.15 at 10:05 a.m. CEST at Lang & Schwarz on October 21, 2026.

Nintendo, JP3756600007, Illustration mit AI erstellt.

Nintendo stock traded at EUR 49.15 at Lang & Schwarz on October 21, 2026, at 10:05 a.m. CEST. Goldman Sachs maintained a JPY 9,800 target on October 20, 2026, according to Investing.com.

Profit rose as sales fell

Nintendo's first-quarter fiscal 2027 revenue was JPY 517.81 billion, down 9.50 percent from the year-earlier period, while operating profit reached JPY 142.60 billion, up 150.50 percent. The figures come from Nintendo's financial data for the quarter ended June 30, 2026, summarized by Note on October 3, 2026.

Switch 2 hardware sales totaled 3.82 million units in the quarter, while Switch 2 software sales reached 9.46 million units. The same analysis said Nintendo kept its fiscal-year forecast at JPY 2.05 trillion in net sales and JPY 370.00 billion in operating profit.

Three dates frame the stock

On May 8, 2026, Nintendo announced a Switch 2 price increase, including a rise to USD 499.99 in the United States, according to CEO Insider. On August 6, 2026, the company reported first-quarter fiscal 2027 operating profit of JPY 142.60 billion. On October 20, 2026, Goldman Sachs maintained its JPY 9,800 target.

What dates matter next?

Nintendo's investor-relations calendar lists the six-month earnings release for November 5, 2026, and identifies September 30, 2026, as the record date for interim dividends, according to the Nintendo investor-relations page. The November report will show whether the strong profit conversion continued beyond the launch comparison.

Stock price and valuation context

The market is weighing strong operating profit against lower sales and a lower full-year unit plan. That tension explains why the analyst target remains materially above the Tokyo quotation while the latest euro indication stays below the year's high.

Nintendo stock was trading at EUR 49.15 at Lang & Schwarz on October 21, 2026, at 10:05 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Nintendo stock.