Nintendo (NTDOF) stock gained on Wednesday as Palworld developer Pocketpair faced criticism over its new farming simulator. The new game from Pocketpair, titled Palfarm, drew criticism from Nintendo fans over the gaming giant’s recently-announced Pokopia. This is due to the similarities between Palworld and Pokemon, and both Palfarm and Pokopia targeting farm simulation fans.
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Pocketpair has fired back against this criticism, arguing that it’s unable to create a game in less than a week, which is roughly the time between the announcement of Pokopia and Palfarm. Pocketpair Communications Director and Publishing Manager Bucky said, “There is a certain level of poetic irony…the same people who ‘REEE POCKETPAIR’ are the same people thinking we made an entire game in 1 week.”
This latest controversy adds to an ongoing lawsuit between Nintendo and Pocketpair. This lawsuit was filed by Nintendo and claims that Pocketpair has committed copyright infringement with certain parts of Palworld. Pocketpair has already offered counterarguments against this lawsuit, including examples of similar features in games that pre-date Nintendo’s patents and its release of Palworld. However, Nintendo isn’t backing down as it seeks to protect the Pokemon series, which is one of its best performers.
Nintendo Stock Movement Today
Nintendo stock was up 0.82% on Wednesday, extending a 50.27% year-to-date rally. The shares have also gained 63.06% over the past 12 months, largely due to the hype and successful launch of the Switch 2.
Is Nintendo Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Nintendo is Moderate Buy, based on seven Buy, three Hold, and a single Sell rating over the past three months. With that comes an average NTDOF stock price target of $100.59, representing a potential 14.95% upside for the shares.
