Up 48% in 2023, Is Take-Two Interactive Stock a Buy?
Investors might have some unreasonably high expectations for Take-Two Interactive's (NASDAQ: TTWO) business. The video game publisher's shares are trouncing the market so far in 2023 even through declining sales and rising net losses this year.
Investing is about the future, though, and that's where things start to look brighter for the owner of hit franchises like Grand Theft Auto and Words With Friends. Let's look at a few reasons Wall Street is so optimistic about this stock's potential.
To be sure, the latest operating results were uninspiring, reflecting the demand pressure that's facing much of the video game industry today. Take-Two's bookings, a measure of sales to consumers, were down 4% to $1.44 billion in the fiscal second quarter, which ended in late September.
Source Fool.com
