Why Take-Two Interactive Could Prove the Bears Wrong
Share prices of Take-Two Interactive (NASDAQ: TTWO) are currently down 31.5% year to date. That significantly underperforms the 12.3% fall in the broader market as measured by the S&P 500 index.
It hasn't been a good year for growth stocks that trade at relatively high valuations. Take-Two is particularly getting slammed because it lacks immediate growth catalysts in 2022, such as blockbuster new releases, to drive meaningful growth in revenue and earnings per share.
However, the sell-off in Take-Two might be overdone. Market participants are missing how two recent releases within the Grand Theft Auto franchise could juice Take-Two's earnings growth in the next year.
Source Fool.com
