Top 5 Gaming Software Maker Stocks to Buy in 2023 for Difficult Economic Times (with Highest Buy Recommendations and Average Price Target)

Top 5 Gaming Software Maker Stocks to Buy in 2023 for Difficult Economic Times (with Highest Buy Recommendations and Average Price Target), Long Tall Investing

Introduction:

The gaming industry is one of the most resilient industries in the economy. Even during difficult economic times, people continue to spend money on video games. This is because video games provide a relatively inexpensive form of entertainment and escape.

Why Video Gaming Companies Do Well in Difficult Economic Times:

There are a few reasons why video gaming companies tend to do well in difficult economic times:

  • Video games are a relatively inexpensive form of entertainment. Compared to other forms of entertainment, such as going to the movies or eating out, video games are relatively inexpensive. This makes them a more affordable option for people who are on a tight budget.
  • Video games provide an escape from reality. During difficult economic times, people are often looking for ways to escape from the stress and uncertainty of everyday life. Video games can provide a much-needed break from reality and allow people to relax and have fun.
  • Video games are social activities. Many people enjoy playing video games with their friends and family. This makes video games a great way to bond with loved ones and maintain social connections during difficult times.

Top 5 Gaming Software Maker Stocks to Buy in 2023 for Difficult Economic Times:

  1. Roblox Corporation (RBLX)
  • Buy recommendations: 93%
  • Average price target: $100
  1. Take-Two Interactive Software, Inc. (TTWO)
  • Buy recommendations: 85%
  • Average price target: $160
  1. Capcom Co., Ltd. (CCOEF)
  • Buy recommendations: 75%
  • Average price target: $120
  1. Playtika Holding Corp. (PLTK)
  • Buy recommendations: 65%
  • Average price target: $10
  1. SciPlay Corporation (SCPL)
  • Buy recommendations: 60%
  • Average price target: $15

Analysis:

All five of the stocks listed above are well-positioned to benefit from the continued growth of the gaming industry, even during difficult economic times.

Roblox is a particularly attractive investment opportunity, given its strong growth potential and large user base. The company is also benefiting from the increasing popularity of the metaverse.

Take-Two Interactive is another strong investment opportunity, thanks to its popular video game franchises such as Grand Theft Auto, Red Dead Redemption, and NBA 2K. The company is also investing heavily in mobile gaming.

Capcom is a Japanese video game developer and publisher with a strong portfolio of popular franchises such as Resident Evil, Monster Hunter, and Street Fighter. The company is also known for its high-quality games and its focus on innovation.

Playtika and SciPlay are both mobile gaming companies that develop and publish free-to-play games. These games are popular all over the world and have been downloaded billions of times. Both companies are also experiencing strong revenue growth.

Conclusion:

Overall, the top 5 gaming software maker stocks listed above are all attractive investment opportunities for investors who are looking to capitalize on the growth of the gaming industry, even during difficult economic times.