Take-Two Interactive (TTWO) Year Over Year Declines Likely But Expected, Stifel Expects a Beat

July 27, 2021 8:50 AM EDT
Get Alerts TTWO Hot Sheet
Price: $148.65 +0.88%

Rating Summary:
    26 Buy, 11 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 9 | Down: 10 | New: 35
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Stifel analyst Drew E. Crum reiterated a Buy rating and $237.00 price target on Take-Two Interactive (NASDAQ: TTWO) ahead of earnings on August 2nd.

The analyst stated "The quarter is expected to feature y/y declines as the biz laps a record FY1Q last year. However, growth should be meaningful relative to FY1Q20, including recurrent consumer spending at 60%+ based on our assumption. And while FY2022 is more of a "transition" year, guidance appears conservative to us, suggesting upside as the company progresses towards FY2023, which management has already indicated will be a record year. Hence, for accounts that are willing to be more patient, we favor this set up and recommend buying the shares."

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 $172.90 yesterday.

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