TTWO - Should You Buy This Popular Video Game Stock Before May 16?
2024-05-05 14:00:00 ET
Take-Two Interactive (NASDAQ: TTWO) has some big questions to answer for investors in a few weeks. The video game developer's stock soared through late 2023, but it has trailed the market recently on fears around its slowing growth. Shares are down following management's early February earnings update that outlined weaker demand for some key titles including NBA 2K24 .
Yet there's another big update on the way that could change that narrative.
On May 16, Take-Two is slated to announce its fiscal 2024 Q4 earnings results while issuing a detailed outlook for fiscal 2025, which is expected to be a monumental year for the business due to several game-changing releases. A highly anticipated Grand Theft Auto launch is included in that list, but delays could threaten management's growth plan, meaning investors might want to wait for more information before buying this gaming stock .
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Should You Buy This Popular Video Game Stock Before May 16?