Take-Two's Pipeline of New Games and GTA VI Drive Optimism, Analysts Say
Portfolio Pulse from Anusuya Lahiri
Take-Two Interactive Software, Inc (NASDAQ:TTWO) stock is trading higher following mixed fiscal Q1 2025 results. Analysts from Goldman Sachs, Wedbush, Stifel, and Benchmark have maintained positive ratings and increased price targets, driven by optimism around the company's game pipeline, including GTA VI, and growth in mobile gaming. TTWO shares rose by 2.86% to $142.75.
August 09, 2024 | 6:32 pm
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POSITIVE IMPACT
Take-Two Interactive's stock is trading higher after mixed fiscal Q1 2025 results. Analysts from Goldman Sachs, Wedbush, Stifel, and Benchmark have maintained positive ratings and increased price targets, driven by optimism around the company's game pipeline, including GTA VI, and growth in mobile gaming.
The positive analyst ratings and increased price targets reflect strong confidence in Take-Two's future performance, particularly due to the anticipated release of GTA VI and growth in mobile gaming. This optimism is likely to drive short-term stock price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Benchmark analyst Mike Hickey noted that Take-Two may negotiate with the NFL for a non-exclusive license to challenge Electronic Arts Inc (NASDAQ:EA) Madden’s dominance. This could impact EA's market share in NFL simulation games.
If Take-Two secures a non-exclusive NFL license, it could challenge EA's dominance in NFL simulation games, potentially impacting EA's market share and revenue from its Madden franchise.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50