Future Outlook – Is TTWO a Good Stock to Buy?November 17, 2021
It is set to be an extremely busy few years for the parent company of Rockstar Games and 2K Games. In a recent call with investors, company bosses revealed a plan to release 93 games over the next five years, made up of 63 “core-gaming experiences’, 17 “mid-core arcade-style” games, and 13 “casual” games.
As has been the case in the past with previous releases, the GTA franchise is the main topic being discussed from fans and gaming insiders alike. The online rumour mill has at times gone into overdrive about the potential latest edition to the series, GTA VI, although there is yet to be an official announcement by the developer about this.
It is something to be watched very closely, as any news or confirmation of a GTA VI will have a big effect on the price of the Take-Two Interactive Softw. stock, with bosses hoping it can emulate the runaway success of the previous incarnation of the series.
In 2013, GTA V broke industry sales records, becoming the fastest-selling entertainment product in history. It proved to be a major money-spinner, earning $800 million in its first day and $1 billion in its first three days.
With such a productive period of gaming development ahead, the question asked by investors will be is TTWO a good stock to buy? The answer is that the future looks bright for Take-Two Interactive. While most of the attention will be on the latest entry in Rockstar Games’ signature series, titles from 2K Games are also likely to be hugely popular, so investors will be wise to keep track of Take-Two Interactive Softw. Stock going forwards.