Goldman Sachs downgraded Nintendo, Wall Street expected to fall to its lowest level in six years

Beijing time on February 28 morning news, According to reports, In the market waiting for the Switch game console replacement model process, Goldman Sachs became another downgraded Nintendo stock rating investment bank.

After the Goldman downgrade, Wall Street analysts 'average expectations for Nintendo fell to their lowest level since July 2016. As a result, the stock fell 1.4% on Tuesday, potentially hitting its lowest closing price since December 2021.

"Demand for the Nintendo Switch has slowed more sharply than we previously assumed. Goldman Sachs analyst Minami Munakata wrote in a research paper. She believes Nintendo could launch a new generation of consoles in the fiscal year ending March 2025, with a period of low ebb before that.

Nintendo shares are down 7.2% this year, compared with a 5.6% gain in the TSE index over the same period.