Take-Two Interactive Software, Inc.’s Stock Price Drops to $160.54, Marking a 2.57% Decrease: A Comprehensive Analysis

Take-Two Interactive Software, Inc. (TTWO)

160.54 USD -4.23 (-2.57%) Volume: 2.13M

Take-Two Interactive Software, Inc.’s stock price is currently trading at 160.54 USD, experiencing a slight dip of -2.57% this trading session with a trading volume of 2.13M. Despite the minor setback, the stock’s performance remains steady with a minor YTD percentage change of -0.25%.

Latest developments on Take-Two Interactive Software, Inc.

Today, Take-Two Interactive Software, Inc. saw fluctuations in its stock price following several key events. The company announced the pricing of a $600 million senior notes offering, attracting the attention of investors. Additionally, The Manufacturers Life Insurance Company and American International Group Inc. made significant moves by selling and boosting their stock holdings in Take-Two Interactive Software, Inc. respectively. Northern Trust Corp also made moves by selling a large number of shares. Despite this, Steward Partners Investment Advisory LLC and First Trust Advisors LP acquired shares, showing confidence in the company’s future. With an average recommendation of “Moderate Buy” by brokerages and analysts, it’s clear that Take-Two Interactive Software, Inc. remains a strong player in the market.

Take-Two Interactive Software, Inc. on Smartkarma

Analysts on Smartkarma, like Baptista Research, are bullish on Take-Two Interactive Software, Inc. According to their research reports, the company reported strong performance in the fiscal fourth quarter of 2024, with net bookings reaching $1.35 billion. Success was attributed to popular titles like NBA 2K24, Zynga’s in-app purchases, Match Factory!, the Red Dead Redemption series, and the Grand Theft Auto series.

Furthermore, Baptista Research highlights the robust results posted by Take-Two Interactive Software, Inc. in Q3 FY2024, with net bookings of $1.3 billion. The company saw strong performances from Grand Theft Auto V, Grand Theft Auto Online, the Red Dead Redemption series, and Zynga’s in-app purchases. Analysts believe that the realization of synergies from the Zynga acquisition is now evident, pointing to positive future growth prospects for the company.

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. has a promising long-term outlook according to the Smartkarma Smart Scores. With a high score in Momentum, the company is showing strong performance and growth potential in the market. While the Value score is moderate, indicating the stock may not be undervalued, the overall positive momentum suggests continued success in the future.

Although Take Two Interactive Software, Inc. may not be the best choice for investors looking for dividend income, its Growth and Resilience scores show potential for future expansion and stability. With a focus on developing, marketing, and distributing interactive entertainment software games, the company is well-positioned to capitalize on the growing gaming industry. Overall, the Smartkarma Smart Scores point to a bright future for Take Two Interactive Software, Inc. as it continues to innovate and adapt to changing market trends.

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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