Take-Two Interactive Software, Inc. (TTWO) Monthly Report
Publication Date: September 22, 2024
Company Overview
Take-Two Interactive Software, Inc. (TTWO), headquartered in New York City, is a prominent player in the electronic gaming and multimedia sector. Established in 1993, the company excels in developing, publishing, and marketing a wide array of interactive entertainment solutions. It is renowned for its beloved franchises, including Grand Theft Auto, Max Payne, and NBA 2K, spanning various genres such as action/adventure, shooter, and role-playing games. As a publicly traded entity within the Communication Services sector, TTWO maintains a strategic focus on adapting to the evolving gaming landscape through retail, digital downloads, and cloud streaming services, presenting strong investment prospects.
Financial Performance and Stock Analysis
Take-Two Interactive showcases robust financial performance with total revenues nearing $5.4 billion, underscoring its healthy growth potential in an ever-evolving market. The stock currently trades at $148.78, which is below both its 50-day moving average of $151.68 and its one-year high of $171.59, suggesting a potential buying opportunity for investors. Analysts project a target high price of $210.00, with a mean target at $180.55, indicating significant upward movement potential. The analysis reveals a modest short interest of 4.43% among the 175 million shares outstanding, reflecting investor confidence. A mean recommendation rating of 1.8 from 27 analysts further supports the buy stance, highlighting Take-Two’s solid position for long-term gains despite the absence of EBITDA data that may limit comprehensive operational performance assessments.
Market Outlook
The electronic gaming and multimedia industry, a crucial part of the Communication Services sector, signals a compelling investment opportunity, with a buy recommendation bolstered by favorable financial projections. Analysts note a current stock price poised for growth, with significant price targets outlined from $142.32 to $210.00. This price variability, combined with resilient revenue figures, positions Take-Two Interactive as a stable investment option, adeptly navigating an expansive and dynamic market landscape. Investors should consider these factors as they assess TTWO’s potential for future appreciation.
| Metric | Value |
|---|---|
| Market Cap | $26.1b |
| Total Debt | $4.1b |
| Total Cash | $1.1b |
| Shares Outstanding | 175.3m |
| Float Shares | 162.9m |
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