It’s shaping up to be a banner holiday shopping season for the video game industry, and TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) will be right in the thick of things with a highly-anticipated release.
Investor’s Business Daily passes along some insight into Take-Two.
Video game publisher Take-Two Interactive Software (TTWO) nabbed a fresh buy rating on Wednesday just over two weeks before its next big release, “Red Dead Redemption 2.” Surveys indicate that the Western action game is one of the most anticipated titles for the holiday shopping season.
Bernstein analyst Todd Juenger initiated coverage of Take-Two with an outperform rating and a price target of 175.
Beyond the new release, Take-Two also has other valuable franchises at its disposal such as “Grand Theft Auto” and “NBA 2K.” “For such a relatively small company ($14 billion market cap), Take-Two has two, maybe three, of the world’s most successful and valuable console video game franchises,” Juenger shared in a note to clients.
TAKE-TWO INTERACTIVE SOFTWARE, INC Common Stock shares fell $1.78 (-1.46%) in premarket trading Thursday. Year-to-date, TTWO has gained 11.36%, versus a 5.65% rise in the benchmark S&P 500 index during the same period.
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