Benzinga - by Anusuya Lahiri, Benzinga Editor. Truist Securities analyst Matthew Thornton reiterated Take-Two Interactive Inc (NASDAQ: TTWO) with a Buy and a $158 price target.
The analyst published his updated model post-TTWO's mixed Q1 print.
His FY24 bookings and adjusted EPS go to $5.52 billion and $3.48 (from $5.65 billion and $3.97), FY25 to $8.0 billion and $7.73 (from $8.0 billion and $7.77), FY26 to $8.4 billion and $8.63 (from $8.5 billion and $8.89).
Also Read: How In-game Purchases and Subscriptions are Shaping the $60B Gaming Industry: Report
The analyst looks forward to focal points, including the NBA 2K24 launch, mobile stabilization, and pipeline unveils (GTA, 31st Union, BioShock, and others).
Thornton maintained Electronic Arts Inc (NASDAQ: EA) with a Buy and lowered the price target from $150 to $140.
The analyst also published an updated model post-EA's mixed Q1. Thornton's FY24 bookings and adjusted EPS go to $7.50 billion and $6.86 (from $7.61 billion and $7.03), FY25 to $7.75 billion and $7.41 (from $7.81 billion and $7.57).
Focal points the analyst is looking forward included FC 24 launch/transition) Apex stabilization, Madden 24 launch, and FY25 slate insights/unveils.
Price Action: TTWO shares traded higher by 1.03% at $140.94 on the last check Wednesday.
Latest Ratings for TTWO
| Mar 2022 | MKM Partners | Upgrades | Neutral | Buy |
| Feb 2022 | Deutsche Bank | Maintains | Buy | |
| Feb 2022 | Keybanc | Maintains | Overweight |
View the Latest Analyst Ratings
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.