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Take-Two Interactive Software: Worth a Second Look?

Take-Two (NASDAQ:TTWO) Interactive Software (TTWO) is a videogame developer that doesn't get as much respect as its bigger rivals, most notably Activision Blizzard (NASDAQ:ATVI)...
Take-Two Interactive Software: Worth a Second Look? © Reuters. Take-Two Interactive Software: Worth a Second Look?

Take-Two (NASDAQ:TTWO) Interactive Software (TTWO) is a videogame developer that doesn't get as much respect as its bigger rivals, most notably Activision Blizzard (NASDAQ:ATVI) and Electronic Arts (NASDAQ:EA).

Its pipeline of releases is not nearly as full, or ready for annual E3 Expos (one of the biggest video game events of the year).

Take-Two rather tends to play the long game, with big-budget titles such as Grand Theft Auto (GTA) and Red Dead Redemption (RDR). While not released as regularly, these tend to be multi-year needle-movers once they finally do launch. (See TTWO stock charts on TipRanks)

After a rather uneventful past few years, the stock has really been a drag. Despite a lack of visibility as to what to expect from Take-Two's next big title, I am bullish on the stock. Even more so now that TTWO stock is off over 29% from its all-time high.

More than just Grand Theft Auto

Take-Two is best-known for its Grand Theft Auto franchise. It's been nearly eight years since GTA V, though. And the top franchise is due for a truly next-generation refresh.

Take-Two has a knack for really polishing its titles before they're ready for release. In essence, the 2K symbol is a stamp of quality. So, don't expect the likes of a GTA VI to be rushed, even though I'm sure the fans are itching for a bit of clarity on a potential launch date.

We all know about the painful, buggy launch of CD Projekt's (OTGLY) Cyberpunk 2077. It's become an industry example of what not to do. That's why Take-Two's decision to keep gamers and investors (mostly) in the dark with respect to launch timelines is a wise idea, even if it means the stock has to endure a prolonged period of underperformance.

As such, when it comes to Take-Two, patience is key, whether you're an investor, or a gamer eagerly awaiting GTA VI.

TTWO is more than just its next GTA or RDR release. The company, like its peers, is still giving gamers and investors something to look forward to in the meantime.

GTA Online is still generating decent amounts of cash, despite its age, via DLC (downloadable content). That's a real testament to the type of long-lasting cash flows behind this franchise that doesn't age nearly as quickly as most other games.

Moreover, with annual NBA 2K releases, high-quality DLC, and other franchise-backed titles, such as Tiny Tina's Wonderlands, Take-Two is poised to keep moving forward, even in between GTA launches.

Wall Street's Take

According to TipRanks’ analyst rating consensus, TTWO stock comes in as a Strong Buy. Out of 16 analyst ratings, there are 13 Buy recommendations, and three Hold recommendations.

The average TTWO price target is $213.20. Analyst price targets range from a low of $180 per share to a high of $235 per share.

Bottom Line

Take-Two is a name you need to really be patient with. The company won't rush its bread-and-butter title in GTA.

The company has many other levers to keep sales growth on the uptrend. So, expect a slow and steady ascent until GTA VI's arrival can spark the next leg higher. At 27.4 times earnings, TTWO stock could prove to be a bargain for those with a long-term investment horizon.

Disclosure: At the time of publication, Joey Frenette owned a position in Activision Blizzard.

​Disclaimer: The information contained in this article represents the views and opinion of the writer only, and not the views or opinion of TipRanks or its affiliates, and should be considered for informational purposes only. TipRanks makes no warranties about the completeness, accuracy or reliability of such information. Nothing in this article should be taken as a recommendation or solicitation to purchase or sell securities. Nothing in the article constitutes legal, professional, investment and/or financial advice and/or takes into account the specific needs and/or requirements of an individual, nor does any information in the article constitute a comprehensive or complete statement of the matters or subject discussed therein. TipRanks and its affiliates disclaim all liability or responsibility with respect to the content of the article, and any action taken upon the information in the article is at your own and sole risk. The link to this article does not constitute an endorsement or recommendation by TipRanks or its affiliates. Past performance is not indicative of future results, prices or performance.

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17-09-2021 14:50:21 (UTC+7)

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EUR/USD

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Adidas AG

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 EUR/USD1.1774↑ Sell
 GBP/USD1.3791↑ Sell
 USD/JPY109.93↑ Buy
 AUD/USD0.7311↑ Sell
 USD/CAD1.2656↑ Buy
 EUR/JPY129.43↑ Sell
 EUR/CHF1.0915↑ Sell
 Gold1,761.45↑ Sell
 Silver22.938↑ Sell
 Copper4.3060Neutral
 Crude Oil WTI72.14↑ Sell
 Brent Oil75.28↑ Sell
 Natural Gas5.291↑ Buy
 US Coffee C187.78↑ Sell
 Euro Stoxx 504,205.21Sell
 S&P 5004,473.76↑ Sell
 DAX15,735.75↑ Sell
 FTSE 1007,044.58Neutral
 Hang Seng24,819.87↑ Buy
 Small Cap 20002,236.28Neutral
 IBEX 358,844.50↑ Buy
 BASF65.040↑ Sell
 Bayer45.74↑ Buy
 Allianz193.58↑ Buy
 Adidas287.27Neutral
 Lufthansa8.172↑ Buy
 Siemens AG150.43↑ Sell
 Deutsche Bank AG11.201↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,615/ 5,665
(-20/ -15) # 812
SJC HCM5,600/ 5,665
(-50/ -55) # 812
SJC Hanoi5,600/ 5,667
(-50/ -55) # 814
SJC Danang5,600/ 5,667
(-50/ -55) # 814
SJC Nhatrang5,600/ 5,667
(-50/ -55) # 814
SJC Cantho5,600/ 5,667
(-50/ -55) # 814
Cập nhật 17-09-2021 14:50:22
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ↀ Giá vàng thế giới
$1,761.46+7.330.42%
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ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2149021910
RON 95-II,III2139021810
E5 RON 92-II2014020540
DO 0.05S1602016340
DO 0,001S-V1637016690
Dầu hỏa1508015380
ↂ Giá dầu thô thế giới
WTI$72.15-0.18-0.24%
Brent$75.29-0.42-0.56%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.640,0022.870,00
EUR26.118,3927.477,69
GBP30.621,6331.901,01
JPY202,13213,83
KRW16,7120,34
Cập nhật lúc 14:45:52 17/09/2021
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