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Citi chooses this stock as its top pick

AuthorFrank DeMatteo
Published 11/12/2024, 19:26
© Reuters.
TTWO
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Investing.com - On Tuesday, Citi elevated Take-Two Interactive Software (NASDAQ:TTWO) to its top pick and raised its price target to $225 from $200, citing a compelling risk-reward profile at prevailing levels.

Driven by the company’s upcoming releases, Citi expects Take-Two to achieve record net bookings in both FY26 and FY27.

Take-Two currently intends to release GTA VI in 4Q25, Citi noted, adding that investors' focus will be on it over the next 12 months.

In a bear-case scenario, delays in the release of GTA VI could drive the stock down to $135 per share. In a bull case, assuming the company meets certain criteria, including the timely release of GTA VI, Citi suggests an equity value of about $315 per share.

Citi maintained a “Buy” rating on the stock.

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