The Analyst Landscape: 11 Takes On Take-Two Interactive
Portfolio Pulse from Benzinga Insights
In the last three months, 11 analysts have updated their ratings on Take-Two Interactive (NASDAQ:TTWO), showing a shift towards a more bullish outlook. The average 12-month price target has increased to $190.55 from $171.43, indicating a positive sentiment shift. Analysts from firms like Wedbush, Citigroup, and Goldman Sachs have adjusted their price targets, reflecting changes in market conditions and company performance. Despite a recent decline in revenue and challenges in profitability, Take-Two's strong franchise portfolio and market capitalization highlight its significant position in the video game industry.
April 17, 2024 | 5:01 pm
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Take-Two Interactive has seen a positive shift in analyst sentiment, with an increased average price target of $190.55, suggesting a bullish outlook. Despite facing a revenue decline and profitability challenges, the company's strong franchise portfolio and market position may support its stock price in the short term.
The increase in the average price target by analysts from reputable firms indicates a strong confidence in Take-Two Interactive's future performance. Despite recent financial challenges, the company's robust franchise portfolio and significant market capitalization are likely to sustain investor interest and potentially drive the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100