Take-Two Interactive Software, Inc.’s Stock Price Drops to $154.91, Suffering 8.66% Decrease: A Deep Dive into TTWO’s Recent Market Performance

Take-Two Interactive Software, Inc. (TTWO)

154.91 USD -14.69 (-8.66%) Volume: 6.58M

Take-Two Interactive Software, Inc.’s stock price is currently trading at 154.91 USD, experiencing a significant drop of -8.66% this trading session with a high trading volume of 6.58M, contributing to a year-to-date percentage change of -3.75%, indicating a turbulent performance for TTWO’s stock.

Latest developments on Take-Two Interactive Software, Inc.

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has seen a fluctuation in stock prices following the release of their Q3 2024 earnings call transcript and key numbers. Despite outperforming the market on specific days, the shares experienced a 9% drop, attributed to a disappointing quarterly booking forecast and mixed fiscal Q3 results. However, the narrowed Q3 loss year-on-year, the anticipation of GTA VI’s 2025 launch, and a new $185.00 price target maintain optimism. The company also adjusted its outlook amidst solid Q3 results.

Take-Two Interactive Software, Inc. on Smartkarma

Take-Two Interactive Software, Inc. has caught the attention of top independent analysts on Smartkarma, an investment research network. According to reports by Baptista Research, the company’s recent financial results were a mixed bag, with revenues exceeding expectations but earnings falling short. The company’s flagship titles, Grand Theft Auto V and Grand Theft Auto Online, performed exceptionally well, with the former selling approximately 190 million units. Another success was Red Dead Redemption 2, which sold over 57 million units. However, the launch of NBA 2K24 was also a hit, with over 4.5 million units sold.

Baptista Research also highlighted the success of Take-Two Interactive Software’s recent quarter, with revenues surpassing analyst consensus. The company’s popular titles such as Grand Theft Auto Online, Grand Theft Auto V, and NBA 2K23 all exceeded projections. The launch of San Andreas Mercenaries for Grand Theft Auto Online was particularly successful, with new content and improvements requested by fans. With the company’s strong performance and popular titles, analysts are bullish on Take-Two Interactive Software’s future growth potential.

A look at Take-Two Interactive Software, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Take Two Interactive Software, Inc, a popular developer of interactive entertainment software games and accessories, has received a promising outlook from Smartkarma’s Smart Scores. According to the scores, the company has a strong value score of 4, indicating that it may be undervalued in the market. This is good news for investors as it suggests that the company may have potential for growth and a favorable return on investment.

While Take Two Interactive Software, Inc may not be the best option for those seeking dividend income with a score of 1, the company still has a decent overall outlook. With a growth score of 2, the company is expected to have moderate growth potential in the long-term. Additionally, the company has a resilience score of 2, suggesting that it may be able to weather market fluctuations and economic downturns. And with a momentum score of 4, it appears that the company is gaining positive momentum in the market, making it a promising choice for investors looking for a strong and stable company in the entertainment software industry.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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