November 22nd, 2004
SpeculatingStocks.com Stock Pick: Atari Inc. (ATAR)
Price: $1.78 (long-term strong buy)
Atari, Inc. develops interactive games for all platforms and is one of the largest third-party publishers of interactive entertainment software in the U.S. Titles include Driver(TM), Enter the Matrix(TM), Neverwinter Nights(TM), Stuntman(TM), Test Drive®, Unreal® Tournament 2004, Unreal® Championship, and many more.
ATAR has been trending lower since it hit $5 very early this year. ATAR hit $1.10 in late October, and has since been trending higher. It has been taking a breather at the $1.70 level and now appears to be a buying opportunity.
Christmas should help ATAR reap some major returns. With all the titles on the market, there is no reason for ATAR not to benefit.
SpeculatingStocks.com Target Price: We expect ATAR to hit $4.00 within the next 3-6 months.
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