Take-Two Interactive Software, Inc. (TTWO) stock expected to rise by 13.12%: What’s driving the optimism?

Take-Two Interactive Software, Inc. [TTWO] stock is trading at $154.81, up 2.86%. An important factor to consider is whether the stock is rising or falling in short-term value. The TTWO shares have gain 6.85% over the last week, with a monthly amount glided 2.90%, and 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 August 12, 2024, when HSBC Securities upgraded its rating to a Buy but kept the price target unchanged to $179 for it. Previously, BofA Securities upgraded its rating to Buy on May 23, 2024, and elevated its price target to $185. On May 17, 2024, downgrade downgraded it’s rating to Hold but maintained its price target of $154 on the stock. Citigroup upgraded its rating to a Buy and increased its price target to $200 on April 08, 2024. MoffettNathanson downgraded its rating to Neutral for this stock on February 05, 2024, and downed its price target to $167. In a note dated January 09, 2024, BMO Capital Markets initiated an Outperform rating and provided a target price of $200 on this stock.

Take-Two Interactive Software, Inc. [TTWO] stock has fluctuated between $130.34 and $171.59 over the past year. Currently, Wall Street analysts expect the stock to reach $175.12 within the next 12 months. Take-Two Interactive Software, Inc. [NASDAQ: TTWO] shares were valued at $154.81 at the most recent close of the market. An investor can expect a potential return of 13.12% based on the average TTWO price forecast.

Analyzing the TTWO fundamentals

Take-Two Interactive Software, Inc. [NASDAQ:TTWO] reported sales of 5.40B for the trailing twelve months, which represents a growth of 4.16%. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at -0.1%, Pretax Profit Margin comes in at -0.68%, and Net Profit Margin reading is -0.7%. To continue investigating profitability, this company’s Return on Assets is posted at -0.29, Equity is -0.53 and Total Capital is -0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.62.

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 151.32 points at the first support level, and at 147.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 156.97, and for the 2nd resistance point, it is at 159.13.

Ratios To Look Out For

For context, Take-Two Interactive Software, Inc.’s Current Ratio is 0.90. On the other hand, the Quick Ratio is 0.90, and the Cash Ratio is 0.49. Considering the valuation of this stock, the price to sales ratio is 5.02, the price to book ratio is 4.53.

Transactions by insiders

Recent insider trading involved Sheresky Michael, Director, that happened on Aug 19 ’24 when 191.0 shares were sold. Director, Sheresky Michael completed a deal on Aug 19 ’24 to buy 191.0 shares. Meanwhile, Director Sheresky Michael sold 218.0 shares on Jun 06 ’24.

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