What Game Stocks Should Meta Investors Get?
Virtual reality, augmented reality, and gaming are nothing new. Facebook (FB), now known as Meta, re-marketed those terms with its corporate name change. Gaming stocks will thrive in meta in the coming years. Investors have a few big names to consider and two to avoid.
Take-Two’s (TTWO) Red Dead Redemption and Grand Theft Auto are popular titles that will enrich TTWO investors. The stock is stalling because gaming sales slid in Nov. 2021. Expect seasonally strong gaming demand to reverse that downtrend.
Activision (ATVI)’s supposedly toxic work culture and its unpopular CEO is hurting the stock. The company also delayed the release of Diablo and Overwatch. This is a negative development that suggests the game development team is unmotivated. Investors may bet on the company fixing the work culture issues. This includes improving pay and raising incentives.
In the platform segment, Roblox (RBLX) has too strong a user growth for investors to ignore. Roblox is popular with children and teens. While the app rebuild in China is unfortunate, Roblox will get the fix done.
Unity (U) is on a sustained downtrend because investors fear its valuations. No other gaming firm may match the Unity gaming engine. The platform tool has superb movie-level graphics quality. Consider U stock as the share price weakens