UPDATE: Jefferies Assumes Take-Two Interactive (TTWO) at Hold

Jefferies analyst Andrew Uerkwitz assumes coverage on Take-Two Interactive (NASDAQ: TTWO) with a Hold rating and a price target of $185.00.

The analyst comments "We assume coverage of Take-Two and keep the Hold rating for now. The company has said it is working on 90+ projects, which is double what it was a short time ago. About 2/3rds are core experiences, about half are sequels or new iterations of IP. More promising then is that the other half is new IP, which we believe further shows the long-term health of the company due to the company's superb track record. This leads us to believe earnings should significantly grow over the next several years - consistently over $9 starting in FY24 (ending March 2024)."

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 $178.38 yesterday.

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