Spotlight on Upcoming Game Releases for Take-Two and Electronic Arts: Analyst
Portfolio Pulse from Anusuya Lahiri
Truist Securities analyst Matthew Thornton reiterated a Buy rating for Take-Two Interactive Inc (TTWO) with a $158 price target and Electronic Arts Inc (EA) with a lowered price target from $150 to $140. The analyst published updated models post mixed Q1 results for both companies. TTWO shares traded higher by 1.03% at $140.94 on the last check Wednesday.
August 16, 2023 | 7:03 pm
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POSITIVE IMPACT
Analyst reiterates Buy rating for Take-Two Interactive Inc with a $158 price target. TTWO shares traded higher by 1.03% at $140.94.
The reiteration of a Buy rating and a price target above the current trading price is a positive signal for the stock. This could lead to an increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Analyst maintains Buy rating for Electronic Arts Inc but lowers price target from $150 to $140.
While the Buy rating is maintained, the lowering of the price target could be seen as a negative signal for the stock. This could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100