Oppenheimer Reiterates Outperform Rating on Take-Two Interactive (TTWO)

Oppenheimer analyst Martin Yang reiterated an Outperform rating and $185.00 price target on Take-Two Interactive (NASDAQ: TTWO).

The analyst commented, "Predicting the release date of the most anticipated game of the decade (GTA 6) is hard. Harder still is setting appropriate investor expectations given such uncertainty. We see investor sentiment as neutral to slightly negative into TTWO's F4Q24 earnings. The focus among investors with a shorter time horizon is whether TTWO management will reset expectations with another cut to FY25 guidance. We don't think so, because it's still too early (at least 3 quarters away from GTA 6). Due to a more complicated puzzle of release timing and release slate, and less downside protection on valuation, we prefer EA to TTWO in the near term. Our Outperform rating and $185 PT remain unchanged."

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 $139.96 yesterday.

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