1 Underrated Growth Stock Down 48% to Buy in 2023
After enjoying surging valuations thanks to pandemic-driven tailwinds and the broader run-up for growth stocks, video game stocks have cooled off a lot. Positive engagement tailwinds receded as many parts of the world moved closer toward business as usual, and the rising interest rate environment has applied pressure to the stock market at large.
But the interactive entertainment industry still holds plenty of promise, and backing top players in the space could prove very rewarding for long-term investors. Currently trading down 48% from its peak, Take-Two Interactive (NASDAQ: TTWO) stock in particular looks like a smart buy right now. Read on to see why building a position in this gaming company could take your portfolio to the next level.
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Source Fool.com
