Is It Too Late to Buy Take-Two Interactive Stock?
Investors understandably worry about having missed out on Take-Two Interactive (NASDAQ: TTWO) stock. The video game developer's shares have jumped over 50% in the past year, easily outperforming peers like Electronic Arts (NASDAQ: EA). It's no secret that Take-Two is about to unleash a flood of new content that's likely to push its revenue footprint up to a new level. Most investors are expecting an over 40% sales spike in the new fiscal year.
That optimism could make it harder for shareholders to see market-thumping returns from this stock in 2024. Yet, does its 2023 rally mean Take-Two's best days are behind it? Let's take a closer look.
Wall Street sure isn't bidding up Take-Two stock in response to its current lackluster operating trends. Bookings fell in the most recent quarter, and the company is generating substantial -- and growing -- net losses. Most Wall Street pros are expecting similarly weak results through the end of the fiscal year that runs through late March, too. Sales should rise by just 4% for the period.
Source Fool.com
