Take-Two Interactive Software, Inc.’s Stock Price Soars to $149.94, Climbing 2.43% in Stellar Market Performance

Take-Two Interactive Software, Inc. (TTWO)

149.94 USD +3.56 (+2.43%) Volume: 1.9M

Take-Two Interactive Software, Inc.’s stock price is currently standing at 149.94 USD, marking a positive change of +2.43% in this trading session with a significant trading volume of 1.9M, despite a year-to-date percentage change of -6.84%, showcasing the dynamic performance of TTWO on the stock market.

Latest developments on Take-Two Interactive Software, Inc.

Today, Take-Two Interactive Software, Inc. (NASDAQ:TTWO) stock experienced some movement as Cetera Advisors LLC increased their position in the company. This comes after Envestnet Portfolio Solutions Inc. sold some of their shares in the gaming giant. Despite this, the stock still underperformed the market, but received an upgrade from Hsbc Global Res. Additionally, Sequoia Financial Advisors LLC also raised their stake in Take-Two Interactive Software, Inc., indicating continued interest and confidence in the company’s future prospects.

Take-Two Interactive Software, Inc. on Smartkarma

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

In another report by Baptista Research on Smartkarma, analysts highlight the strong performance of Take-Two Interactive Software, Inc. in Q3 FY2024. The company saw robust results, driven by popular titles like Grand Theft Auto V, Grand Theft Auto Online, the Red Dead Redemption series, and Zynga’s in-app purchases. Net bookings for the quarter reached $1.3 billion, showcasing the company’s continued success and growth in the gaming industry.

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 positive long-term outlook based on the Smartkarma Smart Scores. With a high Value score of 4, the company is considered to be undervalued compared to its competitors. However, its low Dividend score of 1 indicates that it may not be a strong choice for investors seeking regular dividend payments. The Growth score of 2 suggests moderate potential for future expansion, while the Resilience score of 2 reflects the company’s ability to withstand economic downturns. Additionally, with a Momentum score of 4, Take Two Interactive Software, Inc is showing strong performance in the market.

Take Two Interactive Software, Inc is a company that develops and markets interactive entertainment software games and accessories for various gaming platforms. Their products are distributed through a variety of channels, including physical retail, digital download, online, and cloud streaming services. Despite some areas for improvement, such as dividend payouts and growth potential, the company’s overall outlook is positive, with high scores in value and momentum indicating a promising future for investors.

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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