Take-Two Interactive Software, Inc. (TTWO) Company Bio
Take-Two Interactive develops games, content and online services for Internet-connected consoles, personal computers, mobile phones and tablets. Some of its well-known brands include Grand Theft Auto, Max Payne, Midnight Club, and Red Dead. The company was founded in 1993 and is based in New York, New York.
UBS analysts took a deep-dive into internet-themed stocks and updated their thesis on individual stocks where the sell-side firm's risk-reward calculation has shifted to neutral or negative. The UBS internet Analyst: Eric Sheridan downgraded the following names: Chewy Inc (NYSE: CHWY ) from Neutral to Sell, unchanged $75 price target. Fiverr International Ltd (NYSE: FVRR ) from Neutral to Sell, price target lifted from $148 to $190. Peloton Interactive Inc (NASDAQ: PTON ) from Neutral to Sell, price target lifted from $115 to $124. Take-Two Interactive Software, Inc (NASDAQ: TTWO ) from Buy to Neutral, unchanged $200 price target. The Chewy Thesis: The U.S. online pet food and health market is estimated to grow at 5% year-over-year, but Chewy can outperform the market's growth with a 15...
In a note on U.S. internet and interactive entertainment stocks, UBS downgraded Peloton Interactive , Fiverr International and Chewy to sell from neutral. Analysts led by Eric Sheridan said the three stocks are "emblematic of a market that values growth over any semblance of valuation that can be justified on a multiple year view based on our fundamental analysis." Take-Two Interactive Software was downgraded to neutral from buy.