Wedbush Sticks to Their Buy Rating for Take-Two (TTWO)
Wedbush analyst Alicia Reese maintained a Buy rating on Take-Two today and set a price target of $300.00.
TipRanks' Prime Week Sale - 70% Off
- Unlock powerful investing tools and data-driven insights with TipRanks Premium for more confident investment decisions.
- Discover top stock picks and new investment opportunities through TipRanks' Smart Investor Newsletter.
According to TipRanks, Reese is a 5-star analyst with an average return of 13.1% and a 64.13% success rate. Reese covers the Communication Services sector, focusing on stocks such as Roku, Netflix, and Take-Two.
In a report released today, BMO Capital also reiterated a Buy rating on the stock with a $285.00 price target.
Based on Take-Two’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.68 billion and a GAAP net loss of $59.5 million. In comparison, last year the company earned a revenue of $1.58 billion and had a GAAP net loss of $3.73 billion
Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TTWO in relation to earlier this year. Earlier this month, Jon Moses, a Director at TTWO sold 500.00 shares for a total of $122,305.00.
Read More on TTWO:
