Judging by its stock price rally this year, Wall Street sees nothing but fun and games ahead for Take-Two Interactive (NASDAQ: TTWO). Shares are up 50% so far in 2023, compared with a 36% rally in the Nasdaq Composite index. Rival Electronic Arts (NASDAQ: EA) is trailing that average, meanwhile, gaining just 12% so far in 2023.
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Investors might have some unreasonably high expectations for Take-Two Interactive's (NASDAQ: TTWO) business. The video game publisher's shares are trouncing the market so far in 2023 even through declining sales and rising net losses this year. Let's look at a few reasons Wall Street is so optimistic about this stock's potential.