Ascendiant Capital Markets Raises Price Target for Take-Two Interactive Software Stock

Investment analysts at Ascendiant Capital Markets have recently updated their price target for Take-Two Interactive Software (NASDAQ:TTWO). In a research note issued to investors, the firm raised its target from $172.00 to $270.00, indicating a positive outlook for the stock. This adjustment places a "buy" rating on TTWO, suggesting a potential upside of approximately 27.37% based on the stock's previous close.

Additionally, Take-Two Interactive Software has been in the spotlight with other analysts as well. Oppenheimer also increased its price target from $190.00 to $215.00 on January 21st, maintaining an "outperform" rating. On January 27th, UBS Group raised its rating from "neutral" to "buy," increasing its price target from $175.00 to $230.00. Furthermore, Roth MKM set a new target at $208.00, up from $182.00, with a "buy" rating on November 19th. Robert W. Baird adjusted their target price from $172.00 to $181.00, reiterating an "outperform" rating on November 7th. Benchmark also reaffirmed a "buy" rating, raising their target from $210.00 to $225.00 on February 7th.

Currently, while one analyst has issued a sell rating and another a hold, twenty analysts recommend a buy, and one has given a strong buy rating. Data from MarketBeat shows that the overall consensus rating is a "Moderate Buy" with an average price target of around $213.38.

Take-Two Interactive Software Stock Performance

Take-Two Interactive Software shares opened at $211.98 on Monday. The stock's fifty-day moving average stands at $193.26, while its two-hundred-day moving average is at $175.70. Over the past year, the stock's performance ranged between a low of $135.24 and a high of $218.75. Financial ratios for the company include a debt-to-equity ratio of 0.54, a quick ratio of 0.83, and a current ratio of 0.83. The company has a market capitalization of $37.41 billion, a P/E ratio of -9.94, and a beta of 0.89.

Institutional Investment in Take-Two Interactive Software

Recently, several hedge funds have made adjustments to their holdings in Take-Two Interactive Software. Wealthfront Advisers LLC had a substantial increase in its stake by 1,630,798.7% during the fourth quarter, acquiring a massive 142,459,001 shares valued at approximately $26.2 billion. Norges Bank also entered a new position with an investment worth about $495 million. Additionally, State Street Corp raised its holdings by 8.8% during the third quarter, now owning over 10.8 million shares valued at around $1.68 billion. Massachusetts Financial Services Co. MA also increased its position by 13.7%, now holding over 5.3 million shares. Lastly, Raymond James Financial Inc. purchased a new stake valued at approximately $115 million.

As it stands, institutional investors own approximately 95.46% of the company's shares.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc. is a prominent developer, publisher, and marketer of interactive entertainment solutions. The company is well-known for its action/adventure titles, including franchises like Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption, among others.

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