Take-Two Interactive (TTWO) PT Raised to $149 at Benchmark

May 19, 2020 7:43 AM EDT
Get Alerts TTWO Hot Sheet
Price: $173.21 -0.12%

Rating Summary:
    27 Buy, 10 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 14 | New: 23
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Benchmark analyst Mike Hickey raised the price target on Take-Two Interactive (NASDAQ: TTWO) to $149.00 (from $142.00) while maintaining a Buy rating.

The analyst commented, "We anticipate TTWO will deliver better than consensus F4Q20 financial performance, initiate a strong F1Q21 financial view and cautious FY21 financial guidance. We believe performance upside was primarily due to Grand Theft Auto, Red Dead Redemption and NBA2K franchise games and related recurrent digital Live Services. While we remain conservative over TTWO's FY21 growth profile from limited AAA pipeline transparency; a view that is increasingly offset by what we anticipate being a virus growth boost and an illuminating sub-AAA pipeline. TTWO has $2B in cash, no debt and generated $835M in FCF TTM."

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