Nintendo (NTDOF) stock was on the move Wednesday after the video game company received an unfortunate update concerning one of its patents. The U.S. Patent Office has said it will reevaluate a Nintendo patent that covers an in-game character summoning another sub-character to support it in battle in one of two battle modes.
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This is important to highlight, as Nintendo is currently in a legal battle with Palworld developer Pocketpair over a similar patent in Japan. Palworld, which has been compared to Pokémon, caught Nintendo’s attention after its game went viral and amassed over 25 million in unit sales. This sparked Nintendo’s lawsuit, which takes issue with several features in the game.
While the reexamination of the Nintendo patent doesn’t mean it will be revoked, it does present an opportunity for the U.S. Patent Office to change its stance on the matter. This seems likely, as the patent was filed in 2023 but covers gameplay mechanics that have been common in the industry for decades.
Nintendo Stock Movement Today
Nintendo stock was up 1.3% on Wednesday, extending a 64.81% rally year-to-date. The shares have also climbed 65.7% over the past 12 months.
The success of the Nintendo Switch 2 has been a huge catalyst for NTDOF’s stock growth in 2025. Nintendo also recently increased its sales outlook for the console to 19 million units from 15 million units, signaling high hopes for even more sales of the video game console.
Is Nintendo Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Nintendo is Hold, based on six Buy, three Hold, and three Sell ratings over the past three months. With that comes an average NTDOF stock price target of $94.77, representing a potential 5.53% upside for the shares.
