5 Best Esports Stocks to Buy Now

4. Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Number of Hedge Fund Holders: 59

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) is a video game holding company that owns and operates two big publishing labels, Rockstar Games and 2K.

Take-Two Interactive Software, Inc.’s (NASDAQ:TTWO) subsidiary Rockstar Games is said to launch GTA VI between January and March 2025, and the game is anticipated to greatly boost the company’s revenue. When the company released the game’s trailer in December 2023, Jefferies analyst Andrew Uerkwitz mentioned that the release date could deliver the company’s “guidance of about $8 billion in bookings in financial year 2025 and growth in 2026”. It is essential to note that the company cut down its projection for net bookings for fiscal 2025 to over $7 billion.

On February 8, Take-Two Interactive Software, Inc. (NASDAQ:TTWO) posted Q3 non-GAAP EPS of -$0.54 and revenue of $1.37 billion, which beat the analysts’ estimates by $30 million.

In the last three months, 21 Wall Street analysts have covered Take-Two Interactive Software, Inc. (NASDAQ:TTWO), and 18 maintain a Buy-equivalent rating on the stock. The average price target of $179.43 represents an upside of 24.84% as of March 8. In the fourth quarter, 59 hedge funds held positions in the stock worth $2.858 billion, compared to 51 funds’ positions in the preceding quarter worth $2.448 billion. As of Q4 2023, Tiger Global Management LLC is the top shareholder in the stock and has a position worth $829.886 million.