2023-12-05 06:15:00 ET
Huge news hit the video game market in the past few days. Rockstar Games, a studio owned by Take-Two Interactive (NASDAQ: TTWO) , announced that the first trailer for a new Grand Theft Auto (GTA) game will be released on Dec. 5. Likely called GTA VI , it follows up on GTA V , which was released over 10 years ago and became the best-selling single entertainment title in history. To be clear -- that is the best-selling title across all forms of entertainment, not just gaming.
Shares of Take-Two have already soared 50% this year in anticipation of the game's release, with investors betting it will lead to a step-change in earnings power for the parent company. Does that make the stock a can't-miss opportunity in 2024? Let's investigate further.
For further details see:
A New Grand Theft Auto Game Is Coming -- Is Take-Two a Can't Miss Stock in 2024?