Take-Two Interactive Software (TTWO) Still Successful Based on Longevity of GTA - Oppenheimer

Oppenheimer analyst Andrew Uerkwitz reiterated an Outperform rating and $155.00 price target on Take-Two Interactive (NASDAQ: TTWO), mainly citing the new arrival of the PS5 console, and GTA5's staying presence, as it has survived 3 console changes and still remains a top game.

The analyst stated "We believe Take-Two Interactive stands to benefit from both company-specific factors as well as industry tailwinds driving both top-line growth and profitability gains. We believe TTWO is set for refreshes of multiple key franchises over the next five years and that a build in internal development capacity will help generate revenue consistency. We believe industry trends of a shift to digital—both game downloads and increasing consumer willingness to spend on DLC—will drive LT margin expansion."

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 $134.92 yesterday.

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