What's Going On With Take-Two Interactive Software Stock Today?

Take-Two Interactive Software Inc TTWO shares are trading lower. The company on Monday announced that Rockstar Games will acquire Video Games Deluxe.

What Happened: Rockstar Games, which is owned by Take-Two, announced that it will acquire Sydney-based development studio Video Games Deluxe and rename the studio Rockstar Australia.

The company noted that Video Games Deluxe has worked with Rockstar Games on some of its most memorable game titles for years.

“After working together closely over many years, we are excited to have Video Games Deluxe join the team as Rockstar Australia,” said Jennifer Kolbe, Head of Publishing for Rockstar Games.

Ascendiant Capital analyst Edward Woo maintained Take-Two Interactive with a Buy rating on Monday and raised the price target from $172 to $270.

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Is TTWO A Good Stock To Buy?

When deciding whether to buy a stock, there are some key fundamentals investors may want to consider. One of these factors is revenue growth. Buying a stock is essentially a bet that the business will continue to grow and generate profits in the future. Take-Two has reported average annual revenue growth of 12.87% over the past five years.

It's also important to pay attention to valuation when deciding whether to buy a stock. Take-Two has a forward P/E ratio of 26.18. This means investors are paying $26.18 for each dollar of expected earnings in the future. The average ratio of Take-Two Interactive's peers is 21.86.

Other important metrics to look at include a company's profitability, balance sheet and performance relative to a benchmark index. For in-depth analysis tools and important financial data, check out Benzinga PRO.

TTWO Price Action: Take-Two shares were down 0.24% at $211.47 at the time of publication Monday, according to Benzinga Pro.

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