NTES - 2 Undervalued Video Game Stocks to Buy in July
2023-07-16 11:00:00 ET
The video game industry is one of the largest entertainment markets, but the recent sluggish sales performance of the leading players means investors can buy some of the industry's cream-of-the-crop at attractive valuations.
Here's why France-based Ubisoft Entertainment (OTC: UBSFF) (OTC: UBSFY) and China's Netease (NASDAQ: NTES) are two undervalued video game stocks worth buying in 2023.
Ubisoft is one of the top video game producers in the world, with best-selling franchises like Assassin's Creed and Rainbow Six under its wing. Profitable growth from the shift to digital distribution of games over the last decade was a boon for Ubisoft, as it was for all the leading game companies. Before a sharp sell-off last year, the stock was up over 500% in 2021 from 2013 share prices.
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2 Undervalued Video Game Stocks to Buy in July