The last time we highlighted opportunity in Take-Two (TTWO), the stock traded around $144 on June 27. Today, TTWO is up to $152.71 and could see higher highs.
Remember, the company said it could have a very profitable 2024, says the company, which hints that Grand Theft Auto VI will soon see the light of day.
In fact, in a recent press release, TTWO noted, “We believe that we will enter our next phase of growth in Fiscal 2025, as we plan to deliver several groundbreaking titles that we anticipate will set new standards of quality and success and enable us to deliver over $8 billion in Net Bookings and over $1 billion in Adjusted Unrestricted Operating Cash Flow. We expect to sustain this momentum with additional growth in operating performance in Fiscal 2026.”
We’d like to see TTWO closer to $177.50, especially as we get closer to a potential launch date for the newest Grand Theft Auto.