Take-Two Interactive Software has had a mixed performance lately. Notably, there has been a significant
insider sale of stock, while the company
missed earning expectations and introduced
proposed layoffs. However, strong releases, like the worldwide launch of
NBA® 2K25 and planned launch of
Mafia: The Old Country and
'GTA VI' in fall 2025, highlight potential growth. Several analysts have reiterated a
buy rating on the stock, with a new price target of
$191 set by Stifel Nicolaus. There has also been a significant increase in
stock holdings by Rhumbline Advisers and Natixis Advisors. The firm has expanded their portfolio significantly and has shown strategic financial management amidst a turbulent market. There have been some
major concerns regarding revenue estimates with analysts slashing estimates for this year by
19% following latest results. Despite this, there is speculation of a comeback in the market with talks of a potential rebound to $200. However, this is contrasted by the company's stock taking a noticeable hit following disappointing
bookings forecast for the quarter. While the future appears uncertain, many analysts maintain that the stock remains undervalued.
Take-Two Interactive Software TTWO News Analytics from Fri, 03 Nov 2023 07:00:00 GMT to Sun, 08 Sep 2024 13:00:34 GMT -
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- Innovation 0
- Information 7
- Rumor -3
