Take-Two Interactive Software (TTWO): Looking Forward To Rockstar's Next Project - Jefferies

August 8, 2016 7:34 AM EDT
Get Alerts TTWO Hot Sheet
Price: $52.16 -0.36%

Rating Summary:
    15 Buy, 7 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 24 | Down: 17 | New: 14
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Jefferies analyst, Brian Fitzgerald, reiterated his Buy rating on shares of Take-Two Interactive (NASDAQ: TTWO) after the company posted solid results that were higher than the low expectations. New-IP Battleborn struggled to find an audience and for the second straight quarter, management notes Rockstar will announce its new project "soon." The analyst thinks this will be a positive catalyst especially if they announce Red Dead 2. In sports, the analyst is optimistic around NBA 2K'17; the franchise is seeing solid growth on the top and bottom lines.

No change to the price target of $45.00

For an analyst ratings summary and ratings history on Take-Two Interactive click here. For more ratings news on Take-Two Interactive click here.

Shares of Take-Two Interactive closed at $41.37 yesterday.

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