Take-Two Interactive Offers A Scaled Portfolio Of Mobile Games, Says Analyst
Portfolio Pulse from Shivani Kumaresan
J.P. Morgan analyst Cory A Carpenter reiterated an Overweight rating on Take-Two Interactive Software Inc (NASDAQ:TTWO) with a price target of $200. The analyst highlighted positive trends in mobile gaming, the potential for GTA V and GTA VI, and skepticism about a potential FIFA 2K simulation game. The analyst expects a significant revenue and profitability increase with the release of GTA VI in Fall 2025.
June 11, 2024 | 5:24 pm
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J.P. Morgan analyst Cory A Carpenter reiterated an Overweight rating on Take-Two Interactive Software Inc (NASDAQ:TTWO) with a price target of $200. The analyst highlighted positive trends in mobile gaming, the potential for GTA V and GTA VI, and skepticism about a potential FIFA 2K simulation game. The analyst expects a significant revenue and profitability increase with the release of GTA VI in Fall 2025.
The analyst's reiteration of an Overweight rating and a $200 price target is a strong positive signal. The positive outlook on mobile gaming trends and the anticipated release of GTA VI in Fall 2025 are expected to drive significant revenue and profitability increases, which should positively impact TTWO's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100