Wall Street predicts Take-Two Interactive Software, Inc. (TTWO) stock to surge by 14.39%

A share price of Take-Two Interactive Software, Inc. [TTWO] is currently trading at $151.71, up 0.84%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The TTWO shares have lost -1.55% over the last week, with a monthly amount drifted -4.11%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Take-Two Interactive Software, Inc. [NASDAQ: TTWO] stock has seen the most recent analyst activity on May 23, 2024, when BofA Securities upgraded its rating to a Buy and also boosted its price target to $185 from $160. Previously, HSBC Securities downgraded its rating to Hold on May 17, 2024, and kept the price target unchanged to $154. On April 08, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $200 on the stock. MoffettNathanson downgraded its rating to a Neutral and reduced its price target to $167 on February 05, 2024. BMO Capital Markets started tracking with a Outperform rating for this stock on January 09, 2024, and assigned it a price target of $200. In a note dated December 12, 2023, Wolfe Research initiated an Outperform rating and provided a target price of $186 on this stock.

Take-Two Interactive Software, Inc. experienced fluctuations in its stock price throughout the past year between $130.34 and $171.59. Currently, Wall Street analysts expect the stock to reach $173.54 within the next 12 months. Take-Two Interactive Software, Inc. [NASDAQ: TTWO] shares were valued at $151.71 at the most recent close of the market. An investor can expect a potential return of 14.39% based on the average TTWO price forecast.

Analyzing the TTWO fundamentals

Trailing Twelve Months sales for Take-Two Interactive Software, Inc. [NASDAQ:TTWO] were 5.35B which represents -3.24% decline. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at -0.12%, Pretax Profit Margin comes in at -0.69%, and Net Profit Margin reading is -0.7%. To continue investigating profitability, this company’s Return on Assets is posted at -0.31, Equity is -0.47 and Total Capital is -0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.56.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 150.35 points at the first support level, and at 148.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 152.80, and for the 2nd resistance point, it is at 153.88.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Take-Two Interactive Software, Inc. [NASDAQ:TTWO] is 0.94. In addition, the Quick Ratio stands at 0.94 and the Cash Ratio stands at 0.42. Considering the valuation of this stock, the price to sales ratio is 4.96, the price to book ratio is 4.57.

Transactions by insiders

Recent insider trading involved Sheresky Michael, Director, that happened on Jun 06 ’24 when 218.0 shares were sold. Chief Legal Officer, Emerson Daniel P completed a deal on Jun 04 ’24 to sell 4260.0 shares. Meanwhile, Chief Financial Officer Goldstein Lainie sold 14321.0 shares on Jun 03 ’24.

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