Next Up Take Two--
This was my son's call and it was boffo. Due to my experience in tradaing I knew to get him out with a nice gain at the right time... and that same experience wants to get him back in so he can own the name for a year. Or more.
Here is a nice summery of the set up from tipranks:
First, let’s look at the at-home entertainment play Take-Two Interactive, which has been looking to gain ground over the past year after surrendering most of its pandemic-era gains in 2021 and 2022. Undoubtedly, the reopening of the economy meant video game firms were forced to compete with theme parks, concerts, and other “real-world” forms of entertainment again.
However, with inflation and layoffs continuing to have the potential to weigh on consumer balance sheets, I think at-home entertainment stocks could begin to gain the upper hand again.
When it comes to Take-Two, it has its long-awaited Grand Theft Auto VI(GTA VI) release up ahead, which could make the most of the opportunity at hand as it looks to entertain gamers with the next generation of its immersive open-world blockbuster title.
With mind-blowing water physics and gorgeous scenes revealed in the game’s first trailer, everyone is hyped and ready to hand over their money to Take-Two. I share the enthusiasm and am staying bullish on the name, regardless of when GTA VI actually ends up being released.
In any case, Take-Two stock recently hit a snag, as news broke that GTA VI could be delayed. According toKotaku, such delays could push the title from 2025 to late 2025 or 2026. With return-to-office orders issued by Take-Two, the hope is that potential delays can be minimized.
Even if GTA VI doesn’t launch for another two years, I don’t think the recent single-day plunge of 4.2% was warranted. It speaks to the short-term-focused nature of some gain-chasing investors. Now that a big chunk of them are out of stock, long-term thinkers may have the opportunity to snag an excellent entertainment play at a slight discount.
Does it really matter if TTWO’s blockbuster doesn’t land until a few months later than expected if you have a five-year horizon? Probably not.
What Is the Price Target of TTWO Stock?
TTWO stock is a Strong Buy, according to analysts, with 18 Buys and three Holds assigned in the past three months. The average TTWO stock price target of $178.86 implies 20.45% upside potential.
#2->)Take-Two Interactive Software, Inc. (TTWO)@$149
NasdaqGS - NasdaqGS Real Time Price.
148.49+1.57(+1.07%)
https://www.tipranks.com/stocks/ttwo/forecast?utm_source=undefined&utm_medium=referral
This was my son's call and it was boffo. Due to my experience in tradaing I knew to get him out with a nice gain at the right time... and that same experience wants to get him back in so he can own the name for a year. Or more.
Here is a nice summery of the set up from tipranks:
First, let’s look at the at-home entertainment play Take-Two Interactive, which has been looking to gain ground over the past year after surrendering most of its pandemic-era gains in 2021 and 2022. Undoubtedly, the reopening of the economy meant video game firms were forced to compete with theme parks, concerts, and other “real-world” forms of entertainment again.
However, with inflation and layoffs continuing to have the potential to weigh on consumer balance sheets, I think at-home entertainment stocks could begin to gain the upper hand again.
When it comes to Take-Two, it has its long-awaited Grand Theft Auto VI(GTA VI) release up ahead, which could make the most of the opportunity at hand as it looks to entertain gamers with the next generation of its immersive open-world blockbuster title.
With mind-blowing water physics and gorgeous scenes revealed in the game’s first trailer, everyone is hyped and ready to hand over their money to Take-Two. I share the enthusiasm and am staying bullish on the name, regardless of when GTA VI actually ends up being released.
In any case, Take-Two stock recently hit a snag, as news broke that GTA VI could be delayed. According toKotaku, such delays could push the title from 2025 to late 2025 or 2026. With return-to-office orders issued by Take-Two, the hope is that potential delays can be minimized.
Even if GTA VI doesn’t launch for another two years, I don’t think the recent single-day plunge of 4.2% was warranted. It speaks to the short-term-focused nature of some gain-chasing investors. Now that a big chunk of them are out of stock, long-term thinkers may have the opportunity to snag an excellent entertainment play at a slight discount.
Does it really matter if TTWO’s blockbuster doesn’t land until a few months later than expected if you have a five-year horizon? Probably not.
What Is the Price Target of TTWO Stock?
TTWO stock is a Strong Buy, according to analysts, with 18 Buys and three Holds assigned in the past three months. The average TTWO stock price target of $178.86 implies 20.45% upside potential.
#2->)Take-Two Interactive Software, Inc. (TTWO)@$149
NasdaqGS - NasdaqGS Real Time Price.
148.49+1.57(+1.07%)
https://www.tipranks.com/stocks/ttwo/forecast?utm_source=undefined&utm_medium=referral
