Morgan Stanley says Take-Two’s Q3 results came in line with expectations, but guidance for FY24 and FY25 “disappointed,” the analyst tells investors. However, the firm saw “multiple bright spots in results” and continues to expect a GTA VI launch in FY25 so it remains “bullish from here” and views the opportunity as “intact,” says the analyst, who maintains an Overweight rating and $175 price target on Take-Two shares.
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