Is Take-Two Interactive Stock Headed to $170?
Take-Two Interactive (NASDAQ: TTWO) has a new fan on Wall Street. The video game giant's shares were upgraded on Tuesday and assigned a $170 price target by Gerrick Johnson, an analyst at BMO Capital Markets. Hitting that level would translate into a 23% stock price return from current prices.
Johnson highlighted Take-Two's widening content portfolio, which includes sports franchises like the surging NBA 2K brand, as helping the company's growth. That success was clear from the game publisher's recent earnings report, which showed a 49% spike in net bookings compared to a 21% increase for rival Activision Blizzard.
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Source Fool.com
