Take-Two Interactive (TTWO) Mentioned Cautiously at Roth/MKM

Roth/MKM analyst Eric Handler reiterated a Buy rating and $160.00 price target on Take-Two Interactive (NASDAQ: TTWO).

The analyst comments "We are a bit cautious towards Take-Two's 2QFY24 earnings print but continue to believe in the substantial potential of the company's development pipeline and a FY25 inflection point. In our view, mobile bookings remain sluggish, and we are concerned by lower y/y ratings for NBA 2K24. That said, FY24 is a transition year and attention is much more focused on upcoming game announcements, particularly for GTA 6. Our $160 price target is based on 18x our two-year average EPS for FY25-FY26 of $8.92."

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 $140.58 yesterday.

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