Nintendo shares fell 6.8% to $12.95 on Wednesday, while the Tokyo-listed stock declined a further 4.9% to 7,989 yen on Thursday, extending the five-day drop to 11.7%. The selloff followed Nintendo’s failure to announce a new 3D Mario title for the Switch 2 holiday lineup, leaving upgraded versions of games such as Pikmin 4 and Xenoblade Chronicles 3 to anchor the winter schedule. Metroid Ravenous and a 3D Kirby game are not due until 2027. Nintendo did announce a November 5 release for a Switch 2 remake of The Legend of Zelda: Ocarina of Time, which drew enthusiasm from OpenAI chief executive Sam Altman. The company’s latest quarterly results exceeded expectations, with earnings per share of $0.20 and revenue of $3.29 billion, but analysts remain focused on whether the holiday slate can drive hardware sales. Analysts retain a Strong Buy consensus on the NTDOY listing, with a mean price target of $60.51 and estimated upside of about 15.7%.