Fintel reports that on August 12, 2024, HSBC upgraded their outlook for Take-Two Interactive Software (NasdaqGS:TTWO) from Hold to Buy.
Analyst Price Forecast Suggests 24.68% Upside
As of August 6, 2024, the average one-year price target for Take-Two Interactive Software is $180.57/share. The forecasts range from a low of $141.40 to a high of $216.51. The average price target represents an increase of 24.68% from its latest reported closing price of $144.82 / share.
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The projected annual revenue for Take-Two Interactive Software is 8,247MM, an increase of 52.63%. The projected annual non-GAAP EPS is 8.54.
What is the Fund Sentiment?
There are 1,586 funds or institutions reporting positions in Take-Two Interactive Software. This is an increase of 3 owner(s) or 0.19% in the last quarter. Average portfolio weight of all funds dedicated to TTWO is 0.28%, an increase of 12.24%. Total shares owned by institutions increased in the last three months by 0.83% to 194,515K shares. 
The put/call ratio of TTWO is 0.81, indicating a bullish outlook.
What are Other Shareholders Doing?
Public Investment Fund holds 11,415K shares representing 6.51% ownership of the company. No change in the last quarter.
Capital World Investors holds 7,241K shares representing 4.13% ownership of the company. In its prior filing, the firm reported owning 7,089K shares , representing an increase of 2.09%. The firm decreased its portfolio allocation in TTWO by 12.32% over the last quarter.
Jpmorgan Chase holds 7,189K shares representing 4.10% ownership of the company. In its prior filing, the firm reported owning 7,458K shares , representing a decrease of 3.74%. The firm decreased its portfolio allocation in TTWO by 84.65% over the last quarter.
Capital International Investors holds 5,791K shares representing 3.30% ownership of the company. In its prior filing, the firm reported owning 7,240K shares , representing a decrease of 25.03%. The firm decreased its portfolio allocation in TTWO by 33.36% over the last quarter.
Tiger Global Management holds 5,644K shares representing 3.22% ownership of the company. In its prior filing, the firm reported owning 5,156K shares , representing an increase of 8.64%. The firm decreased its portfolio allocation in TTWO by 22.44% over the last quarter.
Take-Two Interactive Software Background Information
(This description is provided by the company.)
Headquartered in New York City, Take-Two Interactive Software, is a leading developer, publisher and marketer of interactive entertainment for consumers around the globe. Take-Two Interactive Software develops and publish products principally through Rockstar Games, 2K, Private Division, and Social Point. Our products are designed for console systems and personal computers, including smartphones and tablets, and are delivered through physical retail, digital download, online platforms and cloud streaming services.
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This story originally appeared on Fintel.
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