Take-Two Interactive Software, Inc.’s Stock Price Soars to $152.33, Marking a Robust 1.14% Uptick

Take-Two Interactive Software, Inc. (TTWO)

152.33 USD +1.72 (+1.14%) Volume: 2.27M

Take-Two Interactive Software, Inc.’s stock price currently stands at 152.33 USD, marking a positive trading session with a 1.14% increase. Despite a high trading volume of 2.27M, the gaming giant’s stock has experienced a year-to-date decrease of -5.36%. Make informed investment decisions with these key insights on TTWO’s stock performance.

Latest developments on Take-Two Interactive Software, Inc.

Take-Two Interactive Software Inc. has experienced fluctuating stock prices recently, with both rises and falls in the market. Analysts have been closely monitoring the company, with some turning bullish on its performance. Despite this, Director Jon Moses recently sold shares of the company, while other investment groups like Beacon Pointe Advisors LLC and Private Advisor Group LLC have been adjusting their holdings. The Consensus EPS estimates for Take-Two Interactive Software Inc. have also seen a dramatic decrease. In other news, the company’s CEO is focusing on developing games that offer more value to players. Additionally, Take-Two Interactive Software Inc. recently announced the results of its annual meeting of stockholders, while a director sold shares worth over $378k. With various factors influencing the stock movements, including price target cuts and game releases like GTA 5 leaving PlayStation Plus Extra Tier, investors are keeping a close eye on Take-Two Interactive Software Inc.’s performance.

Take-Two Interactive Software, Inc. on Smartkarma

Analysts at Baptista Research on Smartkarma have provided bullish coverage on Take Two Interactive Software, Inc. They highlighted the realization of synergies from the Zynga acquisition as a major driver for the company’s robust performance in Q3 FY2024. With net bookings reaching $1.3 billion for the quarter, the company showed strong results led by Grand Theft Auto V, Grand Theft Auto Online, the Red Dead Redemption series, and Zynga’s in-app purchases.

In another report by Baptista Research on Smartkarma, analysts discussed the future growth drivers for Take Two Interactive Software, Inc. Despite a mixed set of results in the most recent quarter, the company exceeded revenue expectations but fell short on earnings. Grand Theft Auto V, Grand Theft Auto Online, Red Dead Redemption 2, and NBA 2K24 were highlighted as key performers. The company’s strong performance in key titles indicates potential for growth in the future.

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, with a strong momentum score of 4 indicating positive market trends and investor sentiment. Despite lower scores in areas such as dividend and growth, the company’s value score of 3 suggests it is reasonably priced compared to its peers. Additionally, with resilience and growth scores of 2, Take Two Interactive Software, Inc. shows potential for steady performance and expansion in the future.

As a developer and distributor of interactive entertainment software games, Take Two Interactive Software, Inc. caters to a wide range of gaming platforms, including consoles, handheld devices, and personal computers. With a mix of physical retail and digital distribution channels, the company is well-positioned to adapt to evolving consumer preferences and technological advancements. Overall, the company’s Smartkarma Smart Scores paint a picture of a solid player in the gaming industry with room for growth and continued success.

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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