Take-Two Interactive Software (TTWO) operated amidst a turbulent environment, suffering from extended delays in the release of 'Grand Theft Auto 6' and witnessing a widening loss in Q4. Revenues for the same period also declined. Mixed reactions in the market were visible as the company's shares experienced some volatility. Assessing Q4, certain analysts lowered their price target for TTWO while others maintained a positive outlook.
Despite the complex fiscal conditions, TTWO still managed to surpass quarterly revenue estimates and acquired The Gearbox Entertainment Company. The firm's stock rating was reaffirmed by Benchmark and Wedbush, but downgraded by HSBC. Whilst some experts note a Moderate Buy consensus for TTWO, other headlines present high volume options trading amid the turbulence.
On a positive note, TTWO also reported periods of strong performance, with the stock outperforming the market on certain days. However, the company did fall short of EPS expectations, leading to a lowering of TTWO's price target by several financial groups. Ultimately, TTWO also announced a cost reduction plan involving 5% staff cuts
Take-Two Interactive Software TTWO News Analytics from Fri, 10 Nov 2023 08:00:00 GMT to Sun, 19 May 2024 15:29:24 GMT - Rating -3 - Innovation 1 - Information 8 - Rumor -2
