Take a look at Take-Two Interactive (TTWO).
After testing a high of $171.59 on GTA VI hype, Take-Two Interactive (TTWO) plummeted to a recent low of $138.93 on the game’s delay.
Nowadays, with most of the negativity now priced in, oversold shares of TTWO are a bargain. Plus, it’s slowly starting to pivot higher from over-extensions on RSI, MACD, and Williams’ %R. From its last traded price of $141.72, I’d like to see it rally back to $171.59 with patience.
Analysts at Oppenheimer also just reiterated an outperform rating on the stock, with a price target of $185. The firm noted investor anticipation for GTA VI, upcoming earnings, and a potential adjustment to its fiscal year 2025 guidance.
Sincerely,
Ian Cooper
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