A slew of developments surround Take-Two Interactive Software. Key details revolve around TTWO's Strategic SWOT Insight, insider selling actions, revised consensus forecasts, and delayed release of 'Grand Theft Auto 6'. PNC Financial Services Group and Beacon Pointe Advisors trimmed their holdings while new positions were taken up by the TCW Group and Janney Montgomery Scott. Amidst competitive and fiscal challenges, the company managed to surpass quarterly revenue estimates while missing EPS expectations. Recent stock performance was tethered to its inherent strength, aiding in outperforming the market on multiple occasions.
A cost reduction plan involves cutting 5% of the company’s staff besides displaying indications for 'Buy or Sell'. Take-Two recently acquired The Gearbox Entertainment Company, and planned releases and delays are impacting its stock's valuation and outlook, including a recent gaming stock downgrade. An analyst from a Wall Street firm predicts its stocks may reach $185, while others set varying price targets. Lastly, expectation updates for Q4 2024 are being keenly watched by investors.
Take-Two Interactive Software TTWO News Analytics from Sun, 07 Jan 2024 08:00:00 GMT to Sun, 26 May 2024 15:54:09 GMT - Rating 5 - Innovation 3 - Information 7 - Rumor -1
