(News Bulletin 247) – Wedbush reaffirms its ‘outperformance’ opinion on Take-Two Interactive with a price target raised from 161 to 165 dollars, the day after the quarterly publication of the video game publisher, which it highlights ‘ enormous capacity for results’.
“Take-Two’s advertising revenues are growing at an annual rate of more than $750 million, with an expected rebound in advertising demand as the economy improves,” the broker said.
Also believing that Take-Two consistently publishes high-quality games, Wedbush expects it to ‘achieve its potential of $8 billion in net bookings and ‘over $1 billion’ in operating cash flow for financial year 2025-26 at the latest’.
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