Take-Two To Launch Grand Theft Auto 6 Next Year, Analysts Are Bullish About Outlook
Portfolio Pulse from Priya Nigam
Take-Two Interactive Software (NASDAQ:TTWO) reported a 56% YoY growth in Q4 revenue to $1.45 billion. Analysts are bullish on the company's outlook, with expectations of Grand Theft Auto 6 launching in FY25. Price targets have been raised by Wedbush and Benchmark analysts.
May 18, 2023 | 3:03 pm
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Take-Two's Q4 revenue grew 56% YoY, and analysts are bullish on the company's outlook, expecting Grand Theft Auto 6 to launch in FY25. Price targets have been raised by Wedbush and Benchmark analysts.
Take-Two's strong Q4 revenue growth and the anticipated launch of Grand Theft Auto 6 in FY25 have led to bullish analyst outlooks and raised price targets. This positive sentiment is likely to have a short-term positive impact on the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100