BMO Capital Sticks to Their Buy Rating for Take-Two (TTWO)

BMO Capital analyst Brian Pitz reiterated a Buy rating on Take-Two yesterday and set a price target of $285.00. The company’s shares closed yesterday at $243.95.

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Pitz covers the Communication Services sector, focusing on stocks such as Alphabet Class A, Meta Platforms, and Take-Two. According to TipRanks, Pitz has an average return of 13.1% and a 62.28% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Take-Two with a $295.93 average price target, which is a 21.31% upside from current levels. In a report released yesterday, BTIG also reiterated a Buy rating on the stock with a $293.00 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 82 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. Last month, Jon Moses, a Director at TTWO sold 500.00 shares for a total of $122,305.00.