From Nasdaq: 2024-04-28 03:45:00

Chase Coleman, known for bold stock bets, has a heavy focus on AI in his Tiger Global Management fund. Take-Two Interactive stands out as the fourth-largest holding, making up 6% of assets. With a flood of new releases coming up, the company forecasts sales to rise by up to 40% in fiscal 2025.

Take-Two, a video game developer, is transitioning to a software-as-a-service model for more stable revenue streams. While not currently profitable, the company’s future potential lies in upcoming game releases like Grand Theft Auto. Investors should watch for clarity on the release calendar and fiscal 2025 outlook for a better investment decision.

Despite risks such as title delays and industry cyclicality, Take-Two’s upcoming launches could rival competitors in annual sales potential. Investors are advised to wait for more visibility on the company’s performance, particularly in the mobile advertising and game release arenas. Take-Two’s stock has declined by 13% in 2024.

Considerations before investing in Take-Two Interactive Software: Motley Fool’s Stock Advisor didn’t identify the company among their top 10 stocks for investors to buy now. The service, with a history of outperforming the S&P 500, provides guidance on building a successful portfolio and offers new stock picks monthly. Take-Two’s future growth potential will depend on the success of its upcoming game releases.



Read more at Nasdaq: Billionaire Chase Coleman Has 6% of His Massive Portfolio in This Beaten-Down Tech Stock