Roth MKM raised the firm’s price target on Take-Two (TTWO) to $208 from $182 and keeps a Buy rating on the shares. The firm’s recent meeting with Take-Two management reinforced its positive growth outlook, and as the company begins a multi-year shift in 2025 from investing to harvesting mode with its franchise games pipeline, a sizable step-up in bookings and EPS should occur along with significant margin expansion, the analyst tells investors in a research note. Take-Two’s higher cash flow generation should also result in debt reduction and leave the company well positioned for opportunistic M&A, Roth MKM added.
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Read More on TTWO:
- Tiger Global take new stake in Flutter, cuts stake in Uber
- Take-Two CFO sells $8.76M in common stock
- Game On: Analyst raise price targets on Take-Two after Q2 results
- Take-Two price target raised to $176 from $173 at TD Cowen
- Take-Two price target raised to $190 from $170 at Raymond James
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
