Here are my thoughts and break down on $TTWO and why it is one of my largest holdings.
Current Price: 137.60
52 wk/ high: 149.28
52 wk/ Low: 100.00
Read below for breakdown!
$TTWO is an excellent company, in which just a few weeks ago reported excellent earnings with a huge beat in revenue!
Estimated Rev. - $582 Million
Actual Rev. - $729 Million
$TTWO is a remarkable company, while their gaming pipeline is out and spanned over 5 years the company has many blockbuster franchises in which should propel the company.
As live sports are still delayed many are replacing and permanently getting hooked on games like NBA 2K, just one franchise they own.
Not only that but with more than 90 upcoming releases some of which massive franchises like the GTA series (another massive one owned by Take-Two) I see no reason for the stock to stop growing.
Furthermore, this year is a new consol year and gaming stocks have a huge history of running big every new consol year.
After multiple price target upgrades and recently renewed optimism and a cautious pullback, I think that it will continue its rebound and head further north.
My price target is 145 to 150 but it is very likely it will run past that in the coming months.
Disclaimer: I am long $TTWO and currently own common stock of $TTWO.
Comments