Take-Two Interactive Software’s (TTWO - Free Report) “shooter-looter” franchise Borderlands 3 has struck the right chord with users.
Launched on Sep 13, the latest title generated over 50% more purchases than its predecessor Borderlands 2 within five days of release. Notably, more than 70% of all purchases were digital.
Per the announcement, Borderlands 3 sold over 5 million copies within the first five days, generating above $1 billion in net bookings for the franchise.
Notably, the latest title has become the fastest-selling one in its developer, 2K’s history. The pre-orders received for Borderlands 3 is the highest so far for 2K titles. Additionally, the game achieved the highest-selling title for 2K on PC in a span of five days post its launch.
Further, since its launch on Twitch, Borderlands 3 continues to be in the top five most-watched games. Viewers have watched more than 14 million hours of game-related content, exceeding more than half of the viewership that Borderlands 2 took seven years to achieve.
Borderlands 3 Success to Aid Take Two
Notably, Take Two has been one of the top-performing gaming stocks on a year-to-date basis driven by its portfolio strength. Shares have returned 21.5% year-to-date outperforming the industry’s rally of 18.6%.
Year to Date Performance
The success of Borderlands 3 is expected to further boost Take Two’s footprint amid intensifying competition from the likes of Activision and Electronic Arts (EA - Free Report) , prior to the holiday season.
Notably, EA has a solid lineup of releases, including the upcoming NBA Live 20, Plants vs. Zombies, and Star Wars Jedi: Fallen Order. Moreover, Activision’s upcoming Call of Duty: Modern Warfare is a game changer.
Additionally, Activision is set to launch Call of Duty: Mobile in partnership with Tencent (TCEHY - Free Report) .
Nevertheless, Borderlands 3’s initial sales figures indicate solid growth prospects. The game introduces a number of unique features. Notably, the new Level Sync System, which lets players of any level play together, is expected to be a game changer.
Moreover, like its predecessor, Borderlands 3 includes four playable vaults namely — Moze, Amara, FL4K, and Zane. Additionally, the world of Borderlands 3 expands beyond Pandora, to hostile deserts, war-torn cityscapes and more.
Solid Slate of Releases: Key Catalyst
Take Two has a strong slate of releases lined up for fiscal 2020 that includes Ancestors: The Humankind Odyssey and The Outer Worlds, apart from Borderlands 3.
Ancestors: The Humankind Odyssey will be available on PlayStation 4 and Xbox One consoles in December 2019.
Moreover, The Outer Worlds, scheduled for launch on Oct 25, is expected to be one of the largest contributors to second-quarter fiscal 2020 net bookings, which are projected between $860 million and $910 million.
Currently, Take-Two carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Take-Two Interactive Software’s (TTWO - Free Report) “shooter-looter” franchise Borderlands 3 has struck the right chord with users.
Launched on Sep 13, the latest title generated over 50% more purchases than its predecessor Borderlands 2 within five days of release. Notably, more than 70% of all purchases were digital.
Per the announcement, Borderlands 3 sold over 5 million copies within the first five days, generating above $1 billion in net bookings for the franchise.
Notably, the latest title has become the fastest-selling one in its developer, 2K’s history. The pre-orders received for Borderlands 3 is the highest so far for 2K titles. Additionally, the game achieved the highest-selling title for 2K on PC in a span of five days post its launch.
Further, since its launch on Twitch, Borderlands 3 continues to be in the top five most-watched games. Viewers have watched more than 14 million hours of game-related content, exceeding more than half of the viewership that Borderlands 2 took seven years to achieve.
Borderlands 3 Success to Aid Take Two
Notably, Take Two has been one of the top-performing gaming stocks on a year-to-date basis driven by its portfolio strength. Shares have returned 21.5% year-to-date outperforming the industry’s rally of 18.6%.
Year to Date Performance
The success of Borderlands 3 is expected to further boost Take Two’s footprint amid intensifying competition from the likes of Activision and Electronic Arts (EA - Free Report) , prior to the holiday season.
Notably, EA has a solid lineup of releases, including the upcoming NBA Live 20, Plants vs. Zombies, and Star Wars Jedi: Fallen Order. Moreover, Activision’s upcoming Call of Duty: Modern Warfare is a game changer.
Additionally, Activision is set to launch Call of Duty: Mobile in partnership with Tencent (TCEHY - Free Report) .
Nevertheless, Borderlands 3’s initial sales figures indicate solid growth prospects. The game introduces a number of unique features. Notably, the new Level Sync System, which lets players of any level play together, is expected to be a game changer.
Moreover, like its predecessor, Borderlands 3 includes four playable vaults namely — Moze, Amara, FL4K, and Zane. Additionally, the world of Borderlands 3 expands beyond Pandora, to hostile deserts, war-torn cityscapes and more.
Solid Slate of Releases: Key Catalyst
Take Two has a strong slate of releases lined up for fiscal 2020 that includes Ancestors: The Humankind Odyssey and The Outer Worlds, apart from Borderlands 3.
Ancestors: The Humankind Odyssey will be available on PlayStation 4 and Xbox One consoles in December 2019.
Moreover, The Outer Worlds, scheduled for launch on Oct 25, is expected to be one of the largest contributors to second-quarter fiscal 2020 net bookings, which are projected between $860 million and $910 million.
Currently, Take-Two carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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