Take-Two Interactive Stock Gets Upgrade, Analyst Believes Release Of GTA 6 A Catalyst
Portfolio Pulse from Lekha Gupta
Raymond James analyst Andrew Marok has upgraded Take-Two Interactive Software Inc (NASDAQ:TTWO) to Outperform from Market Perform and maintained a price target of $170. The upgrade is based on the company's growth potential, particularly with the expected release of Grand Theft Auto 6 (GTA 6). The analyst expects bookings to rise to $8 billion in FY25, indicating a GTA 6 game release in the holiday season of 2024. Marok also sees potential opportunities in other areas, including new installations of existing franchises and new IP and business models.
October 11, 2023 | 5:52 pm
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Take-Two Interactive Software Inc has been upgraded to Outperform from Market Perform by Raymond James analyst Andrew Marok, who maintains a price target of $170. The upgrade is based on the company's growth potential, particularly with the expected release of Grand Theft Auto 6.
The upgrade by Raymond James analyst Andrew Marok is based on the company's growth potential, particularly with the expected release of Grand Theft Auto 6. This is likely to have a positive impact on the company's stock in the short term.
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