Oppenheimer Reiterates Outperfomr on Take-Two Interactive Software (TTWO) Following 4Q
Oppenheimer reiterated an Outperform rating and $135.00 price target on Take-Two Interactive (NASDAQ: TTWO) following the company's 4Q earnings report. TTWO reported F4Q18 net bookings/non-GAAP EPS of $411M/$0.70 vs. the Street's $446M/$0.63.
Management guided FY19 net bookings to a $2.67B-$2.77B range (mid-point implies 37% growth Y/Y) and operating cash flow of to $710M (up 80%). Oppenheimer adjusted FY19E net bookings/non-GAAP EPS from $2.98B/$4.13 to $2.8B/$4.30 to reflect updated guidance.
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Shares of Take-Two Interactive closed at $113.07 yesterday.