This top video game producer has cashed in with some super-hot titles. Take-Two offers its products under labels including Rockstar Games and 2K. It develops and publishes action/adventure products under the Grand Theft Auto brand, as well as other franchises, including L.A. Noire, Max Payne, Midnight Club and Red Dead under the Rockstar Games label. The Grand Theft Auto franchise has been one of the best-selling ever released.
Some analysts might be thinking that the company’s red-hot Grand Theft Auto 5 may add some big spice to this earnings report.
The Merrill Lynch team sees the potential for a new Rockstar title, and the already-confirmed Battleborn, NBA 2K, WWE 2K and Civilization Online for the company’s 2016 fiscal year as being solid catalysts for the stock.
Prior to the earnings report, a few analysts weighed in on this video game company:
- Wedbush reiterated a Neutral rating for Take-Two and set its price target at $24.
- Zacks downgraded the stock to a Hold rating from Buy.
- Brean Capital reiterated a Buy rating with a $35 price target.
Shares of Take-Two were up fractionally Monday morning to $24.80. The company’s stock has a consensus analyst price target of $33.08 and a 52-week trading range of $18.79 to $30.80.
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