Take-Two's (TTWO) expansion of its gaming portfolio with the launch of Star Wars: Hunters makes it an attractive investment opportunity.
SAN MATEO, Calif., June 04, 2024--Zynga Inc., a wholly-owned publishing label of Take-Two Interactive Software, Inc. (NASDAQ: TTWO) and a global leader in interactive entertainment, in collaboration with Lucasfilm Games, today launched Star Wars: Hunters, a brand new competitive battle arena game available as a free download on Nintendo Switch, iOS and Android devices.
Based on the average brokerage recommendation (ABR), Take-Two (TTWO) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?