We’ve mentioned Take-Two Interactive (TTWO) a few times here.
And we still like it. Especially as it starts to pivot higher solid support, and from over-extensions on RSI, MACD, and Williams’ %R. From a current price of $140.48, we’d like to see TTWO again challenge $152.50. Helping, Barclays analysts just raised their price target on TTWO from $160 to $161 a share. Credit Suisse also just raised its target price to $147 from $128.
Also remember, TTWO expects to see net bookings in fiscal 2025 of $8 billion. That’s well ahead of expectations for $5.28 billion and could be a sign that we may be nearing the release of Grand Theft Auto VI. Also, according to CEO Strauss Zelnick, those numbers reflect a “powerful, powerful release schedule.”