Take-Two Interactive’s ‘scarcity value’ could send it higher, Jim Cramer says
Jim Cramer from CNBC announced why he risen on Monday Binary TAKE EFFECTIVENow that his best opponent has become special, he says that the ruling of the video game area is adjusted.
“This is an industry with these three large players, but now, Activision has gone and EA is specially open to public American video game, which is now a pure game.” He said. “I think that’s very big. Only a very sophisticated investors didn’t want to pay a premium for EA, but at the same time, Harewo now has a real famine value.”
Take-Two is known for a series of popular video games series, Grand Theft Auto Franchise. The company is preparing for the May 2026 version of the “Grand Theft Auto VI”, the last repetition of the series, which players have been waiting for more than a decade. His predecessor “Grand Theft Auto V” is one of the best -selling video games that have been selling more than 200 million copies since his release in 2013.
Take-Two’s shares climbed in the last few months, and stocks are currently increasing by 39.6%.
Last week, the company’s peers Electronic Arts Saudi Arabia announced that the Public Investment Fund will be purchased by Silver Lake and Affinity Partners with an agreement worth $ 55 billion. The Take-Sivil agreement will be the largest leverage purchase in the history of Wall Street. Cramer said that the inherification of electronic arts came two years later. Microsoft He bought Activision Blizzard, another big American video game publisher.
According to Cramer, those who want to invest in a traditional video game company now need to enter the Japanese market or “bet on Take-Two”. In addition, Microsoft and Sony’s major game sections, while most sales come from other businesses, he said.
Cramer also drew attention to the various aspects that Take-Two found impressive, including the last quarter of his business. The company beat Wall Street’s estimates and increased the full year forecast for net bookings. Take-Two said that new player accounts for GTA Online have grown more than 50% annually. He also said that the company has other successful franchises beyond GTA, including Sports Game NBA 2K. The company said that the game has already sold more than 11.5 million units and climbed 30% annually. Most of the play-Two’s games are played on PlayStation, Xbox and PC, while Cramer mobile business has grown beautifully.
“GTA VI” will be a successful, Cramer, even if the release date was delayed. If the game is postponed and the stock is hit, he suggested that investors use the fall as an opportunity to buy.
“Remember, if you dive into Take-Two here, you should be able to get any delay for ‘GTA VI’.” He said. “Actually, you should wait for delays – video games are not like films that emerge in a regular program.”
Take-Two did not respond immediately to the request for comment.
