Take-Two Interactive Gets Price Target Bumps By Analysts After Q4 Results

Take-Two Interactive Software, Inc. TTWO reported results for its first quarter.

Take-Two reported fourth-quarter revenue of $1.45 billion, up 56% year-over-year. Take-Two reported a fourth-quarter loss of $610.3 million, or $3.62 per share. The company anticipates a first-quarter net loss of $161 million to $178 million.

Take-Two shares gained 13% to $141.22 in today’s pre-market trading session.

These analysts made changes to their price targets on Take-Two following earnings announcement.

• Barclays raised the price target on Take-Two from $141 to $156. Barclays analyst Mario Lu maintained an Overweight rating.
• Baird lifted the price target on Take-Two from $120 to $155. Baird analyst Colin Sebastian maintained an Outperform rating
• Morgan Stanley raised Take-Two price target from $145 to $158. Morgan Stanley analyst Matthew Cost maintained an Overweight rating.
• Benchmark raised Take-Two price target from $120 to $145. Benchmark analyst Mike Hickey maintained a Buy rating.

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