Analysts Remain Bullish on Take-Two Interactive Despite GTA VI Delay, Anticipate Strong Long-Term Growth
Portfolio Pulse from Shivani Kumaresan
Analysts remain optimistic about Take-Two Interactive (NASDAQ:TTWO) despite the delay of GTA VI to Fall 2025. The company reported better-than-expected Q4 results but lowered its fiscal 2025 guidance. Analysts from Stifel, Wedbush, Benchmark, and Roth MKM reiterated their positive ratings, with price targets ranging from $175 to $200. The delay in GTA VI is seen as a frustration but largely anticipated, with analysts expecting strong long-term growth driven by new game releases and cost savings from restructuring.
May 17, 2024 | 6:27 pm
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Take-Two Interactive reported better-than-expected Q4 results but lowered its fiscal 2025 guidance due to the delay of GTA VI to Fall 2025. Analysts remain positive, reiterating Buy ratings with price targets ranging from $175 to $200. The delay is seen as frustrating but anticipated, with strong long-term growth expected.
Despite the delay of GTA VI, analysts are optimistic about Take-Two's long-term growth prospects. The company reported strong Q4 results, and the delay was largely anticipated. Analysts have reiterated Buy ratings with high price targets, indicating confidence in the company's future performance.
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IMPORTANCE 90
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