In a report released today, Doug Creutz from TD Cowen maintained a Buy rating on Take-Two, with a price target of $284.00.
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Doug Creutz has given his Buy rating due to a combination of factors that highlight Take-Two’s strong performance and future potential. The company’s NBA 2K franchise and mobile gaming segment have been exceeding expectations, prompting an upward revision of fiscal year estimates. This strong performance is further supported by the anticipation surrounding the upcoming release of GTA VI, which is expected to generate significant live service revenue.
Creutz believes that the current market conditions present a ‘golden window’ for Take-Two shares, with the potential for substantial growth as excitement builds for GTA VI. He suggests that the game’s success could mirror that of other major titles like Fortnite and Call of Duty, which have achieved impressive annual revenues. As a result, Creutz has raised his price target for Take-Two, reflecting confidence in the company’s ability to capitalize on these opportunities.
Creutz covers the Communication Services sector, focusing on stocks such as Live Nation Entertainment, Warner Bros, and Paramount Skydance. According to TipRanks, Creutz has an average return of 14.6% and a 64.90% success rate on recommended stocks.
In another report released on October 18, Roth MKM also maintained a Buy rating on the stock with a $295.00 price target.