On April 24, we noted, “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.”

At the time, TTWO traded at around $141.

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Today, TTWO is up to $166 and could push even higher, as we near the release of its latest, most-anticipated Grand Theft Auto game.

Helping, Bank of America just upgraded TTWO to a buy rating, with a price target of $185.

“We no longer feel that TTWO lacks the catalyst needed to attract marginal buyers, as we did upon our downgrade [in December],” they said, as quoted by Seeking Alpha. “The release of two immersive sequels, other than GTA 6, in FY25 makes TTWO attractive at its current valuation, buying time for an update from Rockstar Games.”


Ian Cooper