TTWO - These Three Stocks Will Be Key Players In 2024's Gaming Boom Says Analyst | Benzinga
In a recent industry primer released by BMO Capital Markets, a positive outlook for the gaming sector in 2024 was highlighted emphasizing the substantial growth potential of megahit titles and the expanding console market.
What Happened: The report underscored a significant shift in investment strategies within the video game industry compared to a decade ago, urging investors to focus on key AAA console games and outlining the promising positions of leading franchises such as Electronic Arts Inc's (NASDAQ: EA) EA Sports FC, Take-Two Interactive Software Inc's (NASDAQ: TTWO) Grand Theft Auto and Roblox Corp's (NASDAQ: RBLX) Roblox.
See Also: TikTok's Parent Company ByteDance In Talks To Sell Gaming Assets To Tencent: Report
Over the past decade, the global video game industry witnessed an impressive surge, with revenues more than doubling to an estimated $193 billion in 2023.
The number of gamers worldwide has similarly skyrocketed, reaching an estimated 3.4 billion users, showcasing the immense potential for continued growth.
"We think it is crucially important to own the biggest, baddest franchises like EA SPORTS FC ...