Take-Two price target raised to $300 from $270 at Jefferies

Jefferies raised the firm’s price target on Take-Two (TTWO) to $300 from $270 and keeps a Buy rating on the shares. Mobile and NBA 2K data into fiscal Q2 “reads strong,” says the analyst, who expects a beat against what appears “particularly conservative” mobile guidance. The firm views it as unlikely that investors will get any new, incremental GTA VI info until December at the earliest, so while a fiscal Q2 beat itself “may limit upside to shares without accompanying GTA news,” Jefferies remains positive on the GTA cycle, the analyst tells investors in a preview.