Canada markets closed
  • S&P/TSX

    20,230.40
    +57.05 (+0.28%)
     
  • S&P 500

    4,400.64
    -0.82 (-0.02%)
     
  • DOW

    34,930.93
    -127.59 (-0.36%)
     
  • CAD/USD

    0.7991
    +0.0005 (+0.07%)
     
  • CRUDE OIL

    72.46
    +0.07 (+0.10%)
     
  • BTC-CAD

    49,923.60
    -294.61 (-0.59%)
     
  • CMC Crypto 200

    933.75
    +3.82 (+0.41%)
     
  • GOLD FUTURES

    1,813.50
    +13.80 (+0.77%)
     
  • RUSSELL 2000

    2,224.96
    +33.12 (+1.51%)
     
  • 10-Yr Bond

    1.2610
    +0.0270 (+2.19%)
     
  • NASDAQ futures

    14,954.25
    -57.25 (-0.38%)
     
  • VOLATILITY

    18.31
    -1.05 (-5.42%)
     
  • FTSE

    7,016.63
    +20.55 (+0.29%)
     
  • NIKKEI 225

    27,695.69
    +114.03 (+0.41%)
     
  • CAD/EUR

    0.6740
    -0.0001 (-0.01%)
     

Take Two (TTWO) to Launch Tiny Tina's Wonderlands in Early 2022

·3 min read

Take Two Interactive’s TTWO shares are up 10.2% in the past three months compared with the Zacks Toys/Games/Hobbies industry’s growth of 6.4%. The upside can be attributed to a strong portfolio of franchises.

The company continues to benefit from an expanding portfolio. Markedly, Take Two’s division 2K in collaboration with Gearbox Entertainment announced the arrival of a new adventure game named Tiny Tina’s Wonderlands in early 2022.

Tiny Tina’s Wonderlands is a fantasy-filled adventure game in which players can create their own heroes and find their way through monsters and dungeons by looting, shooting and slashing in order to stop the dragon lord.

The game will be available on Xbox Series X|S, Xbox One, PlayStation 5, PlayStation 4 and PC via Steam and Epic Games Store in early 2022.

TakeTwo Interactive Software, Inc. Price and Consensus

TakeTwo Interactive Software, Inc. Price and Consensus
TakeTwo Interactive Software, Inc. Price and Consensus

TakeTwo Interactive Software, Inc. price-consensus-chart | TakeTwo Interactive Software, Inc. Quote

Strong Portfolio to Aid Top Line

Tiny Tina’s Wonderlands will further strengthen Take Two Interactive’s portfolio, which includes popular franchises like NBA, Grand Theft Auto (GTA) and Borderlands.

In the fourth quarter, Take Two Interactive’s bookings grew 8% and revenue improved 9% year over year, which was primarily driven by games such as NBA 2K21, NBA 2K20, Grand Theft Auto V, Grand Theft Auto Online and Borderlands 3.

Markedly, Take Two Interactive keeps building upon its portfolio by innovating and adding new content to franchises.

Last month, Rockstar Games announced its summer updates, which include eight new stunt races to Grand Theft Auto Online and expansion of survival mode to different locations. These updates, in turn, are expected to further increase consumer engagements.

Take Two Interactive also announced the launch of OlliOlli World, which is a skateboarding action game this year. Moreover, in order to broaden its sports portfolio, the company acquired the mobile games developer Nordeus to strengthen mobile game business with its first ever soccer offerings.

However, strong competition from Electronic Arts EA, Activision Blizzard ATVI and Nintendo NTDOY is expected to hurt this Zacks #4 Rank (Sell) company’s prospects in the near term.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Bitcoin, Like the Internet Itself, Could Change Everything

Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.

Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.

See 3 crypto-related stocks now >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Activision Blizzard, Inc (ATVI) : Free Stock Analysis Report

TakeTwo Interactive Software, Inc. (TTWO) : Free Stock Analysis Report

Electronic Arts Inc. (EA) : Free Stock Analysis Report

Nintendo Co. (NTDOY) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting