#2 - Take-Two Interactive (NASDAQ:TTWO)
One of the unquestioned leaders in esports is Q(NASDAQ:TTWO). Who would have imagined that a large group of people would watch esports games? And to be honest, Take-Two could not have foreseen the boost it would get from a global pandemic that kept people at home without live sports.
However, an opportunity is just a function of being prepared. And Take-Two was laying the groundwork for this opportunity since 2017. That was when the company made an agreement with the NBA to launch the NBA 2K League. The significance of having an esports league sanctioned by a professional sports league at this time can’t be overstated. Take-Two had a captive audience for the NBA2K 2020 charity tournament that was televised on ESPN in April.
And Take-Two is not just confined to esports. A key reason the esports synergy exists is due to the company’s NBA 2K title that is popular by millions of consumers including many NBA players. The company also owns Rockstar Games which has the Grand Theft Auto and Red Dead Redemption franchises.
About Take-Two Interactive Software
Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.
Read More - Current Price
- $181.97
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 18 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $197.58 (8.6% Upside)
