Take-Two Interactive Stock: Is the Potential 29% Upside Justified for Investors?
Take-Two Interactive Stock Analysis
All eyes are on next year's 'Grand Theft Auto' proposed release. Share prices of Take-Two Interactive (NASDAQ: TTWO) are up 30% over the last year but have pulled back since the company's last earnings report was released in February. The video game producer offered weak guidance for next quarter, but Citigroup analysts still see a favorable upside for investors over the next year or so.
Is Take-Two stock a buy?
Take-Two generates the bulk of its revenue from a handful of top sellers in its catalog. GTA is one of those, which played a big role in the company's growth. The stock has returned 628% over the last 10 years, which is why the scheduled 2025 release of the next installment is a major growth catalyst. However, Citi analysts note that it's uncertain how much revenue the game will generate once it's released.
Should you invest $1,000 in Take-Two Interactive Software right now?
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