Take-Two Interactive Software (TTWO) is currently a trending stock, with multiple factors contributing to this status. The company, best known for its gaming franchise, Grand Theft Auto, has disclosed their financial plans and achievements including their Q4 2024 Earnings Call Transcript and Q3 2024 Results. However, the delay in the release of 'Grand Theft Auto 6' has led to speculation about the future prospects causing a dip in stocks. Major asset managers such as
Bokf Na and
DekaBank Deutsche Girozentrale have boosted their positions in the company, showing a positive outlook. Multiple brokerages have rated the stock as a 'Moderate Buy' or an 'Outperform'. Additionally,
Price T Rowe Associates Inc. MD has a holding in the company worth $38.64 million. On the downside though, it was announced that TTWO plans a 5% staff reduction as a cost reduction plan. An acquisition of Gearbox Entertainment Company, known for the Borderlands franchise, is also in the pipeline. This summary presents a complex outlook, indicating potential growth opportunities, alongside certain obstacles such as the staff reduction and game delay.
Take-Two Interactive Software TTWO News Analytics from Thu, 04 Jan 2024 08:00:00 GMT to Sun, 04 Aug 2024 08:06:00 GMT -
Rating 3
- Innovation 5
- Information 7
- Rumor -5
