How Upcoming Game Reveals Could Catalyze Take-Two Interactive's Growth: Analyst Take
Portfolio Pulse from Anusuya Lahiri
Truist Securities analyst Matthew Thornton reiterated a Buy rating for Take-Two Interactive Software Inc (NASDAQ:TTWO) with a $158 price target. The rating is based on expectations of higher bookings and EPS in FY26 and favorable valuation multiples compared to industry peers. The anticipation of game reveals throughout FY24, including GTA, 31st Union, BioShock, and a potential RDR1 remaster, could act as catalysts for the company. TTWO shares traded higher by 4.76% at $150.79 on the last check Tuesday.
July 11, 2023 | 6:53 pm
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Take-Two Interactive Software Inc (NASDAQ:TTWO) has been reiterated with a Buy rating and a $158 price target by Truist Securities analyst Matthew Thornton. The rating is based on expectations of higher bookings and EPS in FY26 and favorable valuation multiples compared to industry peers.
The reiteration of a Buy rating and a price target of $158 by Truist Securities analyst Matthew Thornton is a positive signal for Take-Two Interactive Software Inc. The expectations of higher bookings and EPS in FY26, along with the anticipation of game reveals throughout FY24, could act as catalysts for the company, potentially driving its stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100