Take-Two Interactive Soared in 2023 -- and Next Year Could Be Even Better
Take-Two Interactive (NASDAQ: TTWO) investors received some unsurprising but still unwelcome news in early December. The next installment in the Grand Theft Auto franchise, the video game developer's biggest brand, won't go on sale until sometime in 2025, according to the first official game trailer.
That timing wasn't a big deal for Wall Street -- the stock is still up more than 50% so far in 2023. But investors have some good reasons to believe that momentum will carry into 2024 and beyond. Let's look at the three biggest factors that could propel Take-Two to the next level.
The lack of a new Grand Theft Auto release in 2024 won't be a big drag on Take-Two's business. Sure, that franchise is the developer's most valuable one, having sold 400 million units overall. Grand Theft Auto 5, released over a decade ago, has sold almost 200 million units and is still a major force in Take-Two's portfolio.
Source Fool.com
