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Benzinga
193 days

These Analysts Raise Their Forecasts On Take-Two Interactive After Better-Than-Expected Earnings

1. Take-Two's Q3 revenue was $1.37B, slightly below estimates. 2. Adjusted earnings of 72 cents exceeded expectations of 57 cents per share. 3. Recurrent consumer spending net bookings grew 9%, 79% of total bookings. 4. Strong 2024 pipeline includes major titles like GTA VI and Civilization VII. 5. Analysts raised price targets, with Goldman Sachs moving to $230.

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FAQ

Why Bullish?

The earnings beat and solid future pipeline are positive indicators. Historically, strong game lineups have boosted TTWO stock prices.

How important is it?

Earnings results and future titles are critical for TTWO's market perception. Analyst upgrades and strong revenues can significantly influence investor confidence.

Why Long Term?

The projected strong launches in 2024 will drive sustained growth. Previous major launches like GTA V led to lasting stock appreciation.

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