TTWO - Despite The Hype For GTA VI Take-Two Interactive Is Already Too Expensive
2024-02-13 12:35:40 ET
Summary
- Take-Two Interactive has recently released the 3Q 2024 financial results and the market was unhappy.
- The market has been ignoring the recent underperformance, as all the eyes are on Grand Theft Auto VI.
- However, the hype has pushed the stock into very expensive valuations, and even if GTA VI keeps all the promises, there might not be much more room to go.
Take-Two Interactive Software, Inc. ( TTWO ) has recently released its third quarter 2024 financial results and the market reaction has been fairly negative. The company has had a slow year and will continue to experience some softness before re-accelerating in FY2025 when new titles will be released, especially Grand Theft Auto VI....
Despite The Hype For GTA VI, Take-Two Interactive Is Already Too Expensive