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Take-Two (TTWO) Received its Third Buy in a Row

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After MKM Partners and Benchmark Co. gave Take-Two (NASDAQ: TTWO) a Buy rating last month, the company received another Buy, this time from Wedbush. Analyst Michael Pachter maintained a Buy rating on Take-Two today and set a price target of $200.00. The company’s shares closed last Tuesday at $141.05, close to its 52-week low of $138.19.

According to TipRanks.com, Pachter is a 2-star analyst with an average return of 0.0% and a 45.5% success rate. Pachter covers the Technology sector, focusing on stocks such as Playtika Holding, Alphabet Class A, and Corsair Gaming.

Currently, the analyst consensus on Take-Two is a Strong Buy with an average price target of $207.13, which is a 47.0% upside from current levels. In a report released yesterday, Truist Financial also maintained a Buy rating on the stock with a $200.00 price target.

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Based on Take-Two’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $903 million and net profit of $144 million. In comparison, last year the company earned revenue of $861 million and had a net profit of $182 million.

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Take-Two Interactive Software, Inc. engages in the development, publishing, and marketing of interactive software games. Its products are designed for console systems, handheld gaming systems, and personal computers including smart phones and tablets; and are delivered through physical retail, digital download, online platforms, and cloud streaming services. It operates through the following geographical segments: United States, Europe, Asia Pacific, and Canada and Latin America. The company was founded by Ryan A. Brant in 1993 and is headquartered in New York, NY.

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