Is Take-Two Stock Still a Buy at $200?

Shares of Take-Two Interactive (NASDAQ: TTWO) delivered a 69% return in 2020, reaching a new high of around $200 at the start of the new year. Investors are hopeful that the elevated player engagement trends during the pandemic will carry into 2021. But at a forward price-to-earnings (P/E) ratio of 37, the shares might be a bit too expensive to warrant buying the stock right now.

Here's what investors need to know before buying Take-Two at these price levels.

The only new releases Take-Two has officially announced through fiscal 2022 are a next-gen version of Grand Theft Auto V, along with a stand-alone version of Grand Theft Auto Online, as well as Kerbal Space Program 2, which is coming in fiscal 2023. Take-Two is also expected to release the first in a series of casual football games in partnership with the NFL sometime this year.

Source Fool.com